Using accounting, calculate the missing boxes in the table.

Banking & Finance Finance Management Growth & Empowerment

Assets (Rs.)	Liabilities (Rs.)	Owners’ equity (Rs.)
50000	22000	XXX
11600	XXX	5600
100000	55000	XXX
50000	XXX	29000
45000	16000	XXX
41300	XXX	36500

Solution

The solution is explained below −

We know accounting equation => Assets = Liabilities + Owner’s equity

Assets (Rs.)	=	Liabilities (Rs.)	+	Owners’ equity (Rs.)
50000	=	22000	+	28000
11600	=	6000	+	5600
100000	=	55000	+	45000
50000	=	21000	+	29000
45000	=	16000	+	29000
41300	=	4800	+	36500

Published on 25-Sep-2020 20:01:41

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