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#capital-investment
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#assets
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#business-start-up
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#accounting
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#liabilities
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On October 1 2023 Chichi commenced business with capital of $45 600, which consisted of the following assets and liabilities?
Panashe
Apr 2
On October 1 2023 Chichi commenced business with capital of $45 600, which consisted of the following assets and liabilities?
The answer should be in a table or in columnar format
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Apr 2
Assets:
- Cash: $20,000
- Inventory: $15,000
- Equipment: $10,000
Liabilities:
- Accounts Payable: $5,400
Total Capital: $45,600
- Cash: $20,000
- Inventory: $15,000
- Equipment: $10,000
Liabilities:
- Accounts Payable: $5,400
Total Capital: $45,600
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