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Calculate the amount of cash if: Total assets=$10,000 Total liabilities=$10,000 Total Capital=$5000..?

A) $6000 B) $10,000 C) $5000 D) $1000

Accounting Auditing Financial Reporting Financial Accounting Bookkeeping
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Question added by Muhammad Ramzan Tufail ACCA , Assistant Finance Manager , Eltizam Asset Management Group
Date Posted: 2015/07/02
Upvote (0) Views (21) Followers (7) Answers (7) Report Question
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Shahbaz Hayder
by Shahbaz Hayder , Group Head of Finance , Sharif Group of Companies

Option C $5000. Assumed Capital brought in through Cash.

mehfooz alam khan habib khan
by mehfooz alam khan habib khan , Security Incharge , Landmark Group (Emax)

Yes option C is right answer..................

ayaz sattar
by ayaz sattar , accounts and exports controller , NAS TRADING & EXPORTS

Five thousand Dollars would be in cash.

Ibrahim Abusafiah
by Ibrahim Abusafiah , VAT Consultant , RSM Allied Accountants

Answer C is correct $ 

MOHAMMED NIZAMUDDIN
by MOHAMMED NIZAMUDDIN , Chief Accountant , Baraka Exhibition

$5,000 is the correct answer because we know that Assets=Capital+Liabilities. Given Assets and Liabilities are of same amount so capital remains and the amount of cash should be $5,000.

WAQAR AHMED
by WAQAR AHMED , Operations Officer , Meezan Bank Ltd Pakistan

The amount of Cash Would be USD Five thousand only.

ABID HUSSAIN
by ABID HUSSAIN , Manager Accounting Operations , Mag Property Development L.l.c

Option: C is correct answer

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