Question

The following data is related to Mr. Hassan, a
sole trader:
Rs
Cash
55,000
Prepaid insurance
3,000
Office supplies
4,000
Salaries payable
10,000
Merchandise inventory
?
Advance to suppliers
7,000
Account receivable
24,000
Account payable
13,000
Bank
25.000
Capital, Hassan
170,000
what is the amount of merchandise inventory?​

Answer 1

Answer:

I think 29k

Explanation:

He has a capital of 170k. So I added all other amounts and subtracted it from 170k. That's how I did. I Prefer you to ask from your teacher.