Find out the value of assets if: Liabilities=$5000 and Capital=$1000

804Active Users

804Active Users

300AccountingMedium

A$4000

B$3000

C$7000

D$6000

Correct answer

D. $6000

Explanation

$6000 is the correct answer. Review the question and compare it with the other choices to remember this fact for future exams.

Find out the value of assets if: Liabilities=$5000 and Capital=$1000 - Answer and Explanation | Academy of Pakistan