Q20 Calculate total equity if: (a) Owner s equity in the beginning is ₹ 24,000 (b) Creditor s equity - Accountancy - Introduction to Accounting

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Q20 Calculate total equity if:
(a) Owner’s equity in the beginning is ₹ 24,000
(b) Creditor’s equity at the end is ₹ 20,000
(c) Revenue (income) during the period is ₹ 28,000
(d) Expenses during the same period are ₹ 26,000 Also
calculate owner’s equity at the end

Kavita Devi · Accepted Answer

Q20. Calculate total equity if: (a) Owner’s equity in the beginning is ₹ 24,000 (b) Creditor’s equity at the end is ₹ 20,000 (c) Revenue (income) during the period is ₹ 28,000. (d) Expenses during the same period are ₹ 26,000 Also calculate owner’s equity at the end

Q20. Calculate total equity if:
(a) Owner’s equity in the beginning is ₹ 24,000
(b) Creditor’s equity at the end is ₹ 20,000
(c) Revenue (income) during the period is ₹ 28,000.
(d) Expenses during the same period are ₹ 26,000 Also calculate owner’s equity at the end