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DELHI PUBLIC SCHOOL, JAMMY SESSION: 201819ASSIGNMENT FOR FINAL EXAMINATION(201819)Class: Subject: AccountancyPart A Q1. If total assets of a business are Rs. 2,60,000 and net worth is Rs. 1,60,000.
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Gather all the necessary information about the assets that need to be reported.
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What is if total assets of?
Total assets refer to the sum of all assets owned by a person, company, or organization.
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Entities required to file total assets include individuals, businesses, and organizations that exceed certain thresholds set by regulatory authorities.
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Total assets are typically reported on financial statements, such as balance sheets, where assets are listed and totaled.
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Total assets provide insight into the financial health and stability of an entity, showing the value of assets owned.
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Information typically reported on total assets includes cash, investments, property, equipment, and other tangible and intangible assets.
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