Question
Oakey & Associates had the following assets and liabilities. The total for equity equals:Cash at bank $5 000Mortgage $25 000Creditors (Accounts Payable) $9 000Inventory $3
Oakey & Associates had the following assets and liabilities. The total for equity equals:Cash at bank $5 000Mortgage $25 000Creditors (Accounts Payable) $9 000Inventory $3 800Debtors (Accounts Receivable) $12 200Office equipment $8 600Loan from Dalby Ltd $7 000Motor vehicles $19 000a.$ 39 600.b.$7 600.c.$25 600.d.$ 1 200Oakey & Associates had the following assets and liabilities. The total for equity equals:Cash at bank $5 000Mortgage $25 000Creditors (Accounts Payable) $9 000Inventory $3 800Debtors (Accounts Receivable) $12 200Office equipment $8 600Loan from Dalby Ltd $7 000Motor vehicles $19 000a.$ 39 600.b.$7 600.c.$25 600.d.$ 1 200
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Financial Accounting The Basics
Authors: Ilias Basioudis
1st Edition
1138605514, 9781138605510
