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BB Ltd started operations in 2004, the owner, Bee-Bee invested her vehicle worth R20 000, she then invested a further R40 000 in cash.
BB Ltd started operations in 2004, the owner, Bee-Bee invested her vehicle worth R20 000, she then invested a further R40 000 in cash. The company bought a new motor vehicle at the cost of R100 000, this was paid by the balance of the bank account and a loan.What is the value of the (i) total assets, (ii) total liabilities and (iii) how much is the owners capital? Lastly you should also compile an (iv) accounting equation for the information provided for BB Ltd.
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