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 4Select one:

a.

R145 000

b.

R130 000

c.

R135 000

d.

R150 000