The following figures were extracted from the books of E Wallis as at 30 June 2019: What is the total liabilities of the business?                                             £ Delivery Van 14,000 Inventory 12,560 Trade Payables 21,050 Office furniture 8,642 Trade Receivables 43,800 Bank balance 11,722 5 years business loan 50,000 Accumulated depreciation 7,000 Rent due 1,200 Provision for doubtful debts 1,500 Petty cash 150

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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The following figures were extracted from the books of E Wallis as at 30 June 2019:

What is the total liabilities of the business?                                          

 

£

Delivery Van

14,000

Inventory

12,560

Trade Payables

21,050

Office furniture

8,642

Trade Receivables

43,800

Bank balance

11,722

5 years business loan

50,000

Accumulated depreciation

7,000

Rent due

1,200

Provision for doubtful debts

1,500

Petty cash

150

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