Question

You have financial control responsibility for a start-up. Under the rules of accounting, assets must equal liabilities plus owner's equity. You have $4,500 in cash and $18,000 in inventory; both are assets. You have a bank loan of $3,200 (liability) and owner's equity of $18,100. How much money do you have that is unaccounted for?

Answer 1

Should be 12,000

Reason being since you need to find assets to liabilities and owner's equity therefore you add 4,500 and 18,000 and subtract it to 3,200 and 18,100

Answer 2

1200

Explanation: i took the quiz