Q. What is the value of liability?If assets 1.6 Mn, Equity 0.8 Mn.
a) 2.4 Mn
b) 0.8 Mn
c) 1.8 Mn
d) 24.0 Mn
Hint: Mn = Million
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Answered by
35
Answer:
Hi
Explanation:
2.4 MN
Hope it helps you rosey
Answered by
12
Answer:
2.4 Mn
Explanation:
Assets = Liabilities + Equity With an understanding of each of these terms, let’s take another look at the accounting equation. This formula, also known as the balance sheet equation, shows that what a company owns (assets) is purchased by either what it owes (liabilities) or by what its owners invest (equity).
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