Mr Arendse has asked you for some assistance with his financials. The following balances appeared in the books of his business as at the end of October 2016. Name of account Select one: O a. R1 633 600 O b. R1 301 900 O c. R1 608 300 O d. R1 358 300 Business Loan: BizDirect Bank Manufacturing machinery. Creditors control Debtors control. Warehouse building. 6. What is the total amount of assets in his business? Balance (R) 339,200 84,000 358,400 26,700 800,000 Name of account Mortgage bond - Warehouse Petty cash Delivery vehicle. Bank-Overdraft Office furniture Balance (R) 700,000 7,000 264,200 56,400 120,000

Mr Arendse has asked you for some assistance with his financials. The following balances appeared in the books of his business as at the end of October 2016. Name of account Select one: O a. R1 633 600 O b. R1 301 900 O c. R1 608 300 O d. R1 358 300 Business Loan: BizDirect Bank Manufacturing machinery. Creditors control Debtors control. Warehouse building. 6. What is the total amount of assets in his business? Balance (R) 339,200 84,000 358,400 26,700 800,000 Name of account Mortgage bond - Warehouse Petty cash Delivery vehicle. Bank-Overdraft Office furniture Balance (R) 700,000 7,000 264,200 56,400 120,000

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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