Description: dear students with the help of accounting equation find the owner"'s equity Particulars Amount Assets of the business: Value of the factory equipment: $ 4000 Value of the premises having the warehouse: $ 6000 Value of the debtors of the business: $ 2500 Value of the inventory: $ 3000 Liability owed by the Business: Owes to the bank as loan: $ 500 Creditors: $1000 Other liabilities: $1500

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Make a business sheet and read the following question and answer it correctly
Description: dear students with
the help of accounting equation
find the owner"s equity
Particulars Amount Assets of the
business: Value of the factory
equipment: $ 4000 Value of the
premises having the warehouse:
$ 6000 Value of the debtors of the
business: $ 2500 Value of the
inventory: $ 3000 Liability owed
by the Business: Owes to the
bank as loan: $ 500 Creditors:
$1000 Other liabilities: $1500
Transcribed Image Text:Description: dear students with the help of accounting equation find the owner"s equity Particulars Amount Assets of the business: Value of the factory equipment: $ 4000 Value of the premises having the warehouse: $ 6000 Value of the debtors of the business: $ 2500 Value of the inventory: $ 3000 Liability owed by the Business: Owes to the bank as loan: $ 500 Creditors: $1000 Other liabilities: $1500
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