If assets are $34,800 and equity is $12,700,liabilities are:
A) $47,500.
B) $22,100.
C) $47,000.
D) $22,900.
Correct Answer:
Verified
Q21: Which of the following statements in relation
Q23: Calculate equity.Cash at bank $3,400; inventory $1,200;
Q24: What is the effect on the statement
Q26: Identify the current liability.
A)Wages owing.
B)Loan from B
Q27: You are provided with the statement
Q29: Identify the non-current asset.
A) 5-year loan to
Q30: The effect on the statement of financial
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
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