An entity has the following balances: Capital: R10 750; Drawings: R850; Bank ov...
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An entity has the following balances: Capital: R10 750; Drawings: R850; Bank overdraft: R3 670; Short-term loan: R4 850.
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)
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