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Ibra Traders has the following assets and liabilities as on 31st December 2019: Particulars Amount (OMR) Machinery 4,500 Furniture 10,000 Accounts payable 8,500 Other liabilities

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Ibra Traders has the following assets and liabilities as on 31st December 2019: Particulars Amount (OMR) Machinery 4,500 Furniture 10,000 Accounts payable 8,500 Other liabilities 2,500 What is the amount of total Equity as per accounting equation? a. OMR 2,500 b. OMR 14,500 C. OMR 3500 d. OMR 11,500

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