If total assets amount is N$150 000 and total liabilities is half (2) of owner's equity/capital, what is the amount of total liabilities?

College Accounting (Book Only): A Career Approach
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ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter1: Asset, Liability, Owner’s Equity, Revenue, And Expense Accounts
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If total assets amount is N$150 000 and total liabilities is half (2) of owner's equity/capital, what is the amount of
total liabilities?
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Transcribed Image Text:If total assets amount is N$150 000 and total liabilities is half (2) of owner's equity/capital, what is the amount of total liabilities? Answer:
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