If net assets of a business totalled 200,000 and its total assets on that date amounted to

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If net assets of a business totalled £200,000 and its total assets on that date amounted to £325,000, its liabilities would amount to:

(a) £125,000

(b) £200,000

(c) £525,000

(d) Not sufficient information to calculate

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Financial Accounting An Introduction

ISBN: 9780273737650

2nd Edition

Authors: Mr Barry Elliott, Mr Augustine Benedict

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