Multiple Choice
Sydney & Associates had the following assets and liabilities.Equity is:
$
Cash in hand 4 000
Bank overdraft 11 000
Sundry creditors 3 000
Inventory 2 700
Sundry debtors 8 100
Office furniture 4 500
Loan from Perth Ltd 12 000
Motor vehicles 12 000
A) $8300.
B) $27 300.
C) $5300.
D) $13 300.
Correct Answer:
Verified
Correct Answer:
Verified
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