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View Full Version : What's the formula for Assets and Liabilities?


mitchhy
Mar 8, 2014, 07:59 PM
For example if I have


Asset Liabilities Owners Equity
*clear* 9200 10800

What would the formula be to work out the Current Asset?
Also, if the liabilities amount and the assets amount was swapped, how would I work out the Liabilities? :)

Thanks!

- Mitch

ma0641
Mar 9, 2014, 11:25 AM
You don't give us enough info and your presentation is unclear. What is "clear"? It could be positive or negative equity depending on how it is presented. You could have a positive or negative $1600

ebaines
Mar 10, 2014, 06:26 AM
Assets = Liabilities + Owner's Equity