Hi all, please can you help completing an assignment and stuck on one question just can't seem to work it out, any help would be really appreciated
the following are balances of account
Sales 15000
Cost of sales 8000
Expenses 1500
Creditors 1250
Debtors 750
Bank ?
Capital 5000
what is the balance of the bank account?
I can't seem to work out the ban account as when I work out the assesses it is equal to capital plus liabilities and then would mean bank balance would be 0 which is incorrect.
the following are balances of account
Sales 15000
Cost of sales 8000
Expenses 1500
Creditors 1250
Debtors 750
Bank ?
Capital 5000
what is the balance of the bank account?
I can't seem to work out the ban account as when I work out the assesses it is equal to capital plus liabilities and then would mean bank balance would be 0 which is incorrect.