What is Mr Arendse’s equity in his business at the end of October 2016?a.R152 100b.R2 775 900c.R210 700d.R1 301 900e.R39 300 Mr Arendse has asked you for some assistance with his financials. The following balances appeared in the books of his business as atthe end of October 2016.Name of accountBusiness Loan: BizDirect BankManufacturing machineryCreditors controlDebtors controlWarehouse buildingBalance (R)339,20084,000358,40026,700800,000Name of accountMortgage bond - WarehousePetty cashDelivery vehicleBank-OverdraftOffice furnitureBalance (R)700,0007,000264,20056,400120,000

Accounting equation of the business says that total assets must always equal to total liabilities…

Answered: What is Mr Arendse’s equity in his…

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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What is Mr Arendse’s equity in his business at the end of October 2016? a.R152 100 b.R2 775 900 c.R210 700 d.R1 301 900 e.R39 300