A. $5000
B. $10,000
C. $15,000
D. $20,000
Related Mcqs:
- Find out the value of assets if: Liabilities=$5000 and Capital=$1000?
- If the total liabilities of a business decrease by $5000 what will be the effect on total asset??
- A firm reports total liabilities of Rs. 300,000 and owner’s equity of Rs. 500,000. What would be the total worth of the firm’s assets??
- $5000 deposited in bank account was entered twice in the cash book. Identify the correct adjustment in cash book.?
- Bank charges amounting to $5000 was not entered in the cash book. Identify the correct adjustment in cash book??
- Assets-Liabilities=____________??
- Cash received from debtors would be deemed as___________of funds.?
- A discount of $2000 was given to a supplier on his prompt repayment of debt but the cashier entered the gross amount in cash book. What should be the adjustment in cash to work out the correct balance of cash book??
- A company was entered in hire purchase agreement and had to pay $1000 per month. Three payments were made via bank account but no entry was found in cash book. Identify the correct adjustment in cash book?
- Which of the following items should not be capitalized relating to fixed assets??
