The summarise balance sheet of Davia Ltd on 30 June 2019 was as follows:   Current assets                  300,000                          Non current assets         1200,000   Current liabilities               300,000                        Owner's Equity                   300,000   What is the total of non-current liabilities? Select one: a. $300,000 b. $600,000 c. $0 d. $900,000

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Financial Transaction Analysis

The transaction analysis is done with the help of the accounting equation. The basic accounting equation is alternatively known as the balance sheet equation is based on the double-entry system which says that for each transaction happening in a business, at least two accounts should be affected I.e. both the debit side and the credit side should be equal. The Accounting Equation is