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

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

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Total Assets = Capital – Loss + Liabilities 

= Rs.3,00,000 – Rs.70,000 + Rs.50,000 

= Rs.2,80,000

Total Assets of the business is Rs.2,80,000

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