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What are the total liabilities and owner's equity based on the provided Balance Sheet?

Accounting

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2 parts
19

A. K2250\text{A. K2250}

20

B. K3524\text{B. K3524}

Step-by-step solution

3 steps

Here are the answers to Questions 19 and 20 based on the provided Balance Sheet:

Part 19· 2 steps

To find the value of the liabilities, we sum all the items listed under "Liabilities" in the balance sheet.

  1. Identify the individual liabilities from the balance sheet.

    • Bank loan = K1500
    • Creditors = K750

  2. Calculate the total value of liabilities.

    Total Liabilities=Bank loan+Creditors\text{Total Liabilities} = \text{Bank loan} + \text{Creditors} Total Liabilities=K1500+K750\text{Total Liabilities} = \text{K}1500 + \text{K}750 Total Liabilities=K2250\text{Total Liabilities} = \text{K}2250

    The value of the liabilities is K2250.

    A. K2250

    A. K2250\boxed{\text{A. K2250}}

Part 20

B. K3524\text{B. K3524}

Owner's equity is represented by the Capital in the balance sheet.

  1. Identify the Capital value from the balance sheet.

    • Capital Balance 1st = K3524

    The owner's equity is K3524.

    B. K3524

    B. K3524\boxed{\text{B. K3524}}
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