If Cash=$1000 inventories=$4000 Debtors=$5000 fixed assets=? Capital+Liabilities=$15000 What is the Amount of total assets?

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Academy of PakistanTest & Learning

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171AccountingMedium

A$10,000

B$5000

C$15,000

D$20,000

Correct answer

B. $5000

Explanation

$5000 is the correct answer. Review the question and compare it with the other choices to remember this fact for future exams.

If Cash=$1000 inventories=$4000 Debtors=$5000 fixed assets=? Capital+Liabilities=$15000 What is the Amount of total assets? - Answer and Explanation | Academy of Pakistan