Calculate the amount of cash if: Total assets=$10,000 Total liabilities=$10,000 Total Capital=$5000
Calculate the amount of cash if: Total assets=$10,000 Total liabilities=$10,000 Total Capital=$5000
Explanation
| Calculate the amount of cash if: Total assets=$10,000 Total liabilities=$10,000 Total Capital=$5000 This is a accounting equation ie: assets = liability + capital. put the values in equation we get 10000=10000+5000 10000=15000 15000-10000 =5000 |