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
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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Make a business sheet and read the following question and answer it correctly
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