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#### Question 17:

If the capital of a business is  `3,00,000 and liabilities are  ` 50,000, loss  ` 70,000, calculate the total assets of the business.

 Total Assets = Capital – Loss + Liabilities = 3,00,000 – 70,000 + 50,000 = ` 2,80,000

#### Question 18:

If total assets of a business are  ` 1,30,000 and net worth is  ` 80,000, calculate the creditors.

 Creditors = Total Assets – Net worth = 1,30,000 – 80,000 = ` 50,000

#### Question 19:

A commenced his cloth business on 1st April, 2020 with a capital of  `30,000. On 31st March 2021, his assets were worth  `50,000 and liabilities of  `10,000. Find out his closing capital and profits earned during the year.

 Closing Capital = Assets – Liabilities = 50,000 – 10,000 = ` 40,000

 Profit = Closing Capital – Opening Capital = 40,000 – 30,000 = ` 10,000

#### Question 20:

If capital of a business is  ` 1,40,000 and liabilities are of  ` 80,000, calculate the total assets of the business.

 Total Assets = Liabilities + Capital = 80,000 + 1,40,000 = ` 2,20,000

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