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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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Determine the total value of the assets by adding up the individual values of each asset.
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Prepare a list or document where you can record the details of each asset.
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Total assets refer to the sum of all assets owned by a person, company, or organization.
Entities required to file total assets include individuals, businesses, and organizations that exceed certain thresholds set by regulatory authorities.
Total assets are typically reported on financial statements, such as balance sheets, where assets are listed and totaled.
Total assets provide insight into the financial health and stability of an entity, showing the value of assets owned.
Information typically reported on total assets includes cash, investments, property, equipment, and other tangible and intangible assets.
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