Mathematics, 22.04.2021 18:00 wEKLJHFKLJEBFR2460
Using the accounting equation, determine the owner's equity for the following
business:
a. Ahmad, a grocer
Stock of groceries $9,600, motor van $37,000. Detors $12,500. Creditors $17,400
Cash at Bank $4,650.
b. Ben, a stationer
Fixtures and fittings $5,570, stock of stationery $29,800, Bank overdraft $17,680
Premises $120,000, Cash in hand $1,530, Debtors $8,140, Creditors $14,300.
Answers: 2
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Using the accounting equation, determine the owner's equity for the following
business:
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