SK is the owner of Khan Services which offers a garden cleaning service. On 31...
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Accounting
SK is the owner of Khan Services which offers a garden cleaning service. On 31 January 2023, Khan Services owns equipment valued at R100 000. Debtors amounts to R40 000 for services rendered and Violet Services owes R20 000 to a supplier for parts purchased. Khan Services also has R10 000 in the bank.
Show the basic accounting equation for Khan Services and determine the Equity balance?
Question 4Select one:
a.
R145 000
b.
R130 000
c.
R135 000
d.
R150 000
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