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Financial Forensics · Quiz 1 · 26 Feb 2023 · January 2023 term · Set QPE2

Question 6: An owner of a business contributes ₹ 20,00,000 as capital…

Question 6

+1 markOne correct option

An owner of a business contributes ₹ 20,00,000 as capital. 30% of the amount was brought in cash and the remaining was kept in a bank account in the name of the business. What would be the total of assets in the Balance sheet?

  1. A

    ₹ 10,00000

  2. B

    ₹ 6,00000

  3. C

    ₹ 14,00,000

  4. D

    ₹ 20,00,000

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Correct answer

  • D

    ₹ 20,00,000

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Question 6 of 25 in the IIT Madras BS Financial Forensics (Financial Forensics) Quiz 1 paper sat on 26 Feb 2023, in the January 2023 term (IIT M DEGREE AN4 EXAM QPE4 26 Feb 2023). It carries 1 mark.

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