AK Distributors Had These Assets and Liabilities: Equity Is A)$2 300
B)$31 000
C)$5 300
D)$13 300

Multiple Choice

AK Distributors had these assets and liabilities: Equity is: $\begin{array}{lr}&\$\\\text { Cash in hand } & 4000 \\\text { Bank overdraft } & 11000 \\\text { Sundry creditors } & 3000 \\\text { Inventory } & 2700\\\text { Sundry debtors } & 8100 \\\text { Office furniture } & 4500 \\\text { Loan from P \& S Ltd } & 15000 \\\text { Motor vehicles } & 12000\end{array}$

A) $2 300
B) $31 000
C) $5 300
D) $13 300