QUESTION 14 Sally Ltd operates as a retail business. On 31 October 2023, Sally Ltd has the following account balances: Current assets Current liabilities Non-current assets Non-current liabilities £185,000 £120,000 £160,000 £105,000 What is Sally Ltd equity at 31 October 2023? O A. £120,000 OB. £40,000 OC.£570,000 O D. £10,000

QUESTION 14 Sally Ltd operates as a retail business. On 31 October 2023, Sally Ltd has the following account balances: Current assets Current liabilities Non-current assets Non-current liabilities £185,000 £120,000 £160,000 £105,000 What is Sally Ltd equity at 31 October 2023? O A. £120,000 OB. £40,000 OC.£570,000 O D. £10,000

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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