If Cash=$1000 inventories=$4000 Debtors=$5000 fixed assets=? Capital+Liabilities=$15000 What is the Amount of total assets?

A. $5000
B. $10,000
C. $15,000
D. $20,000

The correct answer to the question: "If Cash=$1000 inventories=$4000 Debtors=$5000 fixed assets=? Capital+Liabilities=$15000 What is the Amount of total assets?" is "$5000 ".

18 Comments

Majif Ali on 25/02/2019 9:41 AM
Please calculate and explain the equation
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Waliullah Hanfi on 15/04/2019 11:13 PM
5000 is the amount of fixed assets the amounts of total assets = 15000
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faiz on 04/05/2019 5:43 AM
there are two questions
Fixed Assets?
Total Assets?
but the answer is only for fixed assets
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Muhammad Owais on 10/05/2019 10:16 PM
Sir,
fixed assets in this answer be 5000, however as the question is about total assets?
The correct answer shall be 15000 as the total assets are 15000 not 5000 (fixed assets only).
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