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2. From the information given below calculate the owner's equity as at 31 December 2001: Cash in hand 1,500 Debtors 5,600 Creditors 6,800 Bank

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2. From the information given below calculate the owner's equity as at 31 December 2001: Cash in hand 1,500 Debtors 5,600 Creditors 6,800 Bank overdraft 1,800 Stock 20,000 Motor Vehicles. 30,000 Office equipment 10,000 Loans from bank 15,000 Premises 50,000

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