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An entity has the following balances: Bank, R15000; Machinery, R5000; Accumulated depreciation: Machinery, R500; Capital, R10000. The total liabilities of the entity according to the
An entity has the following balances: Bank, R15000; Machinery, R5000; Accumulated depreciation: Machinery, R500; Capital, R10000.
The total liabilities of the entity according to the basic accounting equation is
NB: Instructions
1. Use a full stop to indicate any decimals (eg: 1000.01)
2. Only show the amount, do not show the R (eg: 12141.72)
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