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If Assets = $99,500 and Owner's equity = $50,500 then Liabilities = ? A) $49,000 B) $55,000 C) $125,000 D) $115,700

Accounting
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Question added by Deleted user
Date Posted: 2013/06/16
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Abdul Rahim Said Rahim
by Abdul Rahim Said Rahim , Senior Executive - Business Development , Al Ruwais Plastic Products Trading LLC

Capital = Current Assets + Liabilities, so the answer is (A)49,000/-

Mohamed Samy Mohamed AbdelRahman, CMA
by Mohamed Samy Mohamed AbdelRahman, CMA , Senior Relationship Manager , Crédit Agricole Egypt

A) $49,000

Mohsen Sayed Ahmed Emam
by Mohsen Sayed Ahmed Emam , Executives Manager , Elmostakbal Elmasry

A) $49,000

sasikanth bapatla
by sasikanth bapatla , Summer Intern , GlaxoSmithKline Pharmaceutical Ltd

Assets= Liabilities+O.E O.E= $49,000

manaf almas
by manaf almas , Auditor , DAR AL NUZUM PUBLIC ACCOUNTANTS

A

Rahul Sharma
by Rahul Sharma , Manager Finance and Accounts , Gemini Impex General Trading LLC

As assets = Capital + Liabilities

99500=50500+x

x=

X=49000

Answer is Option A $49000

Jeffrey Corpuz
by Jeffrey Corpuz , HR Assistant , Total Safety Doha

A) $49,000

Faisal Ahmed Mohammed
by Faisal Ahmed Mohammed , SENIOR OFFICER FOR CREDIT DEPARTMENT , AALAM ALARAB INSTALLMENT & LEASING COMPANY

Total Assets - Owner's Equity = Liabilities

Answer: A) $49,000/- is a Liabilities

MUHAMMAD IJAZ IJAZ
by MUHAMMAD IJAZ IJAZ , Audit staff , Kreston Hyder Bhimji & Co. Chartered Accountants

According to the question liabilities must be equal to $49,000.

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