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An entity has the following balances: Inventory R5000 Machinery R3000 Trade receivables R2000 Bank (Cr) R1 250 Drawings R750 The capital amount of the entity
An entity has the following balances:
Inventory R5000
Machinery R3000
Trade receivables R2000
Bank (Cr) R1 250
Drawings R750
The capital amount 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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