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FAC1502-25-S1
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An entity has the following balances:
Inventory - R15 770
Machinery - R13 230
Trade payables - R2 430
Long-term loan - R9 670
The equity of the entity according to the basic accounting equation is …NB: Instructions
1. Use a full stop to indicate any decimals (eg: 1000.01)
2. Only show the amount, do not show the R (eg: 12141.72)
An entity has the following balances: Capital: R14 590: Trade payables: R3 240; Short-term loan: R2 570; Drawings: R690.
The total assets of the entity according to the basic accounting equation is …
NB: Instructions
1. Use a full stop to indicate any decimals (eg: 1000.01)
2. Only show the amount, do not show the R (eg: 12141.72)