Use the following information to calculate the missing figure by using the Basic Accounting Equation:...
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Accounting
Use the following information to calculate the missing figure by using the Basic Accounting Equation: R Capital 450 000 Drawings 15 000 Loan: SA Bank 250 000 Trade receivables control 7 500 Trade payables control 12 000 Income received in advance 3 600 Prepaid expenses 2 500 Machinery 180 000 Buildings 480 000 Bank ? 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) 3. If the net effect on the accounting equation is a decrease, please enter the amount as a negative (eg: -12141.72)
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