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Commerce · Q2915

Accounting

Graduate and Post Graduate · Commerce · question 2915

Q2915

A business entity has assets of Rs. 26,000 and liabilities of Rs. 6,000. Owner's equity in this case is:

A.
Rs. 32,000
B.
Rs. 26,000
C.
Rs. 20,000
Answer
D.
Rs. 6,000

Answer: Option C

Solution

Answer: Option C
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