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-   -   What's the formula for Assets and Liabilities? (https://www.askmehelpdesk.com/showthread.php?t=786353)

  • Mar 8, 2014, 07:59 PM
    mitchhy
    What's the formula for Assets and Liabilities?
    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
  • Mar 9, 2014, 11:25 AM
    ma0641
    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
  • Mar 10, 2014, 06:26 AM
    ebaines
    Assets = Liabilities + Owner's Equity

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