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Write the accounting equation find out missing figures.AssetsLiabilitiesCapital40,00020,000??15,00030,00050,000?20,000 |
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Answer» Accounting equation Asset = Capital + Liabilities (i) 40,000 = Capital - 20,000 Capital = 40,000 -20,000 Capital = 20,000 (ii) Assets = 15,000 + Liabilities + 20,000 ∴ Assets = 45,000 (iii) 50,000 = Liabilities + 2,000 Liabilities = 50,000 – 20,000 ∴ Liabilities = 30,000 |
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