Fill in the missing figures in the following table Use the accounting equation to work out your answers Fixed assets 70,000 20,000 55,000 30,000 Current assets 16,000 24,000 3,000 9,000 Long term liabilities 20,000 20,000 0 15,000 20,000 Current liabilities 8,000 4,000 8,000 10,000 Capital 60,000 4...

The basic accounting equation is Assets Liabilities Equity Assets consists fixed assets and current ...

Fill in the missing figures in the following table. Use the accounting equation to work out your

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Fill in the missing figures in the following table. Use the accounting equation to work out your answers.

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Introducing Accounting For AS

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2nd Edition

Authors: Ian Harrison

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Question Posted: Aug 21, 2023 09:46 AM

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Fill in the missing figures in the following table. Use the accounting equation to work out your

Question:

Fixed assets £ 70,000 ? 20,000 55,000 30,000 Current assets £ 16,000 24,000 3,000 9,000 ? Long-term liabilities £ 20,000 20,000 0 15,000 20,000 Current liabilities £ 8,000 4,000 8,000 ? 10,000 Capital £ ? 60,000 ? 45,000 15,000

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Introducing Accounting For AS

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