Question

Find out the value of Accounts receivable from the following: cash Rs 48000, Accounts payable Rs 33000, office equipment Rs 21000 and owners equity Rs 77000? a) Rs.21000 b) Rs.41000 c) Rs.15000 d) Rs, 110000

Answer 1

Answer:

Debtors = 741,000

Explanation:

Answer

Answer:

Capital + Liabilities = Assets

Let, Debtors = X

Capital + Creditors = Cash + Furniture +

Debtors

Or, 777,000 + 733,000 = 748,000 + 21,000 + X

Or, 1,10,000 =

69,000

+X

Or, X = R1,10,000 - 769,000

Or, X = 741,000