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A business has the following items in it: What is the valve of owner’sequity?

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A business has the following items in it: 

Land Rs.1,000,000 

Machinery Rs.20,000 

Cash Rs.10,000 

Debt Rs.0

Owner’s equity ?

What is the value of owner’s equity? 

a) Rs.1020000 

b) Rs.1010000 

c) Rs.1030000 

d) None of the above

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The value of owner’s equity Rs.1030000

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