An entity has the following balances: Bank: R3 240; Vehicles: R12 560; Trade re...
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An entity has the following balances: Bank: R3 240; Vehicles: R12 560; Trade receivables: R2 330; Capital: R14 550.
What will the liability amount be according to the basic accounting equation?
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)
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