Cody has a motor vehicle worth $35,000, stock worth$16,000, and a computer worth $2,000. Cody also owes her suppliers $3,000, has a loan to the bank for $5,000, and owes her friend $500. What is the accounting equation suitable for this question?
7 years ago
Responses
Gerry Ardesi
Current Rating: 5 / 5
Finance Broker
Ivanhoe East, VIC
7 years ago
Hi Ana, I think you're looking for a balance sheet. Cheers, Gerry
