How to find liabilities in accounting? [Archive]

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myqueen

Sep 28, 2011, 08:41 PM

How to find capital? If
Assets = 1143
Liabilities = 564

How to find assets? If
Liabilities = 7868
Capital = 24684

How to find liabilities? If
Assets = 56826
Capital = 14512

pready

Sep 28, 2011, 08:50 PM

The accounting eqauation is:
Assets = Liabilities + Owner's Equity (Capital account).

You just need to input your 2 known amounts and solve for the unknown amount.