On 1 January 2020, Mala started her business with cash of RM105,000 and a motor van worth RM90,000. She also obtained an RM250,000 15-year loan from ZZB Bank with 6% annual interest. What are the total assets of her business?

On 1 January 2020, Mala started her business with cash of RM105,000 and a motor van worth RM90,000. She also obtained an RM250,000 15-year loan from ZZB Bank with 6% annual interest. What are the total assets of her business?

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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