Self-test Complete the following table: Fixed assets Current assets Long-term liabilities Current liabilities Capital 48,000 22,000 14,000
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Self-test Complete the following table:
Fixed assets Current assets Long-term liabilities Current liabilities Capital 48,000 22,000 14,000 6,000 ?
? 17,500 3,100 6,000 35,000 102,000 ? 30,000 25,000 65,000 102,000 46,000 ? 28,000 110,000 48,000 22,000 Nil ? 65,000 You will note from doing the table above that we can always find the missing part of the balance sheet if we remember the accounting equation of Assets minus Liabilities = Capital.
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