Asset=Liabilities + Owners Equity
The owner's contribution at the beginning of the year is 70 000. After 5 months, the owner invested additional 15 000 in the business. At the end of the year, owner withdraws 5 000 for personal use and also made a bank loan fr the business amounting 20 000. What is the asset amount?
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Asset=Liabilities + Owners Equity
The owner's contribution at the beginning of the year is 70 000. After 5 months, the owner invested additional 15 000 in the business. At the end of the year, owner withdraws 5 000 for personal use and also made a bank loan fr the business amounting 20 000. What is the asset amount?
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