A business has Building worth RO 5000, Cash RO 2500, Accounts payable RO 2000, unearned revenue RO 2000, Furniture RO 500, Rent payable RO 2000. The owner’s equity would be. a. RO 2500 b. RO 5000 c. RO 2000 d. RO 3000

A business has Building worth RO 5000, Cash RO 2500, Accounts payable RO 2000, unearned revenue RO 2000, Furniture RO 500, Rent payable RO 2000. The owner’s equity would be. a. RO 2500 b. RO 5000 c. RO 2000 d. RO 3000

Name: A business has Building worth RO 5000, Cash RO 2500, Accounts payable
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Description: A business has Building worth RO 5000, Cash RO 2500, Accounts payable RO 2000, unearned revenue RO 2000, Furniture RO 500, Rent payable RO 2000. The owner’s equity would be. a.RO 2500 b.RO 5000 c.RO 2000 d.RO 3000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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