Calculate equity.Cash at bank $3,400; inventory $1,200; accounts receivable $2,500; accounts payable $1,700; loan from ABC bank $3,500.
A) $8,900.
B) $5,300.
C) $1,900.
D) $12,300.
Correct Answer:
Verified
Q17: If liabilities are $45,000 and equity is
Q19: The correct version of the accounting equation
Q20: Another name for accounts receivable is:
A) debtors.
B)
Q24: What is the effect on the statement
Q26: Identify the current liability.
A)Wages owing.
B)Loan from B
Q26: If assets are $34,800 and equity is
Q27: You are provided with the statement
Q31: The effect on the statement of financial
Q34: Identify the current asset.
A)Fixtures and fittings.
B)Inventory.
C)Delivery vehicle.
D)Loan
Q40: The effect on the statement of financial
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents