Assets of an organization is Rs. 21,315 and liabilities is Rs. 4,120. The capital of owner is

The correct answer is: B. Rs. 17,195

Assets are the resources that a company owns and expects to benefit from in the future. Liabilities are the company’s debts and obligations. Equity is the difference between assets and liabilities. It represents the owner’s claim on the company’s assets.

In this case, the assets are Rs. 21,315 and the liabilities are Rs. 4,120. Therefore, the equity is Rs. 21,315 – Rs. 4,120 = Rs. 17,195.

Option A is incorrect because it is the total value of the assets. Option C is incorrect because it is the total value of the assets plus the liabilities. Option D is incorrect because it is the total value of the liabilities.