If net assets of a business totalled 200,000 and its total assets on that date amounted to
Question:
If net assets of a business totalled £200,000 and its total assets on that date amounted to £325,000, its liabilities would amount to:
(a) £125,000
(b) £200,000
(c) £525,000
(d) Not sufficient information to calculate
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Related Book For
Financial Accounting An Introduction
ISBN: 9780273737650
2nd Edition
Authors: Mr Barry Elliott, Mr Augustine Benedict
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