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Financial Forensics · Quiz 1 · 29 Oct 2023 · September 2023 term

Question 12: Mr. Steven started a furniture business with ₹ 55,00,000…

Question 12

+1 markOne correct option

Mr. Steven started a furniture business with ₹ 55,00,000 as capital. 40% 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

    ₹ 27,50,000

  2. B

    ₹ 33,00,000

  3. C

    ₹ 22,00,000

  4. D

    ₹ 55,00,000

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Correct answer

  • D

    ₹ 55,00,000

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Question 12 of 30 in the IIT Madras BS Financial Forensics (Financial Forensics) Quiz 1 paper sat on 29 Oct 2023, in the September 2023 term (IIT M DEGREE AN2 EXAM QPE2 29 Oct 2023). It carries 1 mark.

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