What is Mr Arendse’s equity in his business at the end of October 2016?a.R152 100b.R2 775 900c.R210 700d.R1 301 900e.R39 300 Mr Arendse has asked you for some assistance with his financials. The following balances appeared in the books of his business as atthe end of October 2016.Name of accountBusiness Loan: BizDirect BankManufacturing machineryCreditors controlDebtors controlWarehouse buildingBalance (R)339,20084,000358,40026,700800,000Name of accountMortgage bond - WarehousePetty cashDelivery vehicleBank-OverdraftOffice furnitureBalance (R)700,0007,000264,20056,400120,000

Accounting equation of the business says that total assets must always equal to total liabilities…

Answered: What is Mr Arendse’s equity in his…

What is Mr Arendse’s equity in his business at the end of October 2016? a.R152 100 b.R2 775 900 c.R210 700 d.R1 301 900 e.R39 300

Financial Accounting

14th Edition

ISBN:9781305088436

Author:Carl Warren, Jim Reeve, Jonathan Duchac

Publisher:Carl Warren, Jim Reeve, Jonathan Duchac

Chapter8: Sarbanes-oxley, Internal Control, And Cash

Section: Chapter Questions

Problem 18E

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