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SK is the owner of Khan Services which offers a garden cleaning service. On 31 January 2023, Khan Services owns equipment valued at R100 000.
SK is the owner of Khan Services which offers a garden cleaning service. On 31 January 2023, Khan Services owns equipment valued at R100 000. Debtors amounts to R40 000 for services rendered and Violet Services owes R20 000 to a supplier for parts purchased. Khan Services also has R10 000 in the bank. Show the basic accounting equation for Khan Services and determine the Equity balance? Question 12Select one: a. R135 000 b. R130 000 c. R150 000 d. R145 000
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