How To Calculate Total Assets
Total assets include both Current Assets and Fixed Assets / Non Current Assets . From the Basic Accounting Equation . We know that Assets is equal to Liabilities plus Owner’s Equity or Equity as shown below: Total Assets Formula: Assets = Liabilities + Owner’s Equity For Example, if Total Liabilities = Rs. 30000 and owner’s equity = Rs. 70000, then total assets are equal to 30000 + 70000 = 100000. Different accounting ratios are used to find out the value of total assets such as Total Asset Ratio (Total Liabilities / Total Assets ), Total Assets Turnover ( N et Sales / Average Total Assets), etc. Total assets are shown on the Balance Sheet on assets side.