Q.1.1 If the Owners Equity of a certain business is equal to R70 000 and the assets of the same business are equal to R120 000, what would the total liabilities of the business be? (a) 50 000 (b) 190 000;

Q.1.1

If the Owners Equity of a certain business is equal to R70 000 and the assets of the
same business are equal to R120 000, what would the total liabilities of the
business be?
(a) 50 000
(b)
190 000;
(c)
70 000;
(d)
120 000

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