Question
6. The following balances were extracted from the accounting records of Mobility Traders at 31 December 2016. R Equipment ............................................................................................................................ 405 000 Bank (cr) ...............................................................................................................................
6. The following balances were extracted from the accounting records of Mobility Traders at 31 December 2016. R Equipment ............................................................................................................................ 405 000
Bank (cr) ............................................................................................................................... 100 000
Long term loan ...................................................................................................................... 220 000 Trade payables control .......................................................................................................... 85 000
Inventory ................................................................................................................................ 15 000
Trade receivables control ....................................................................................................... 79 000
The equity amount of Mobility Traders at 31 December 2016 is as follows?
1. R464 000
2. R294 000
3. R90 000
4. R94 000
5. R194 000
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