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-   -   How to get the liabilities without owners equity? (https://www.askmehelpdesk.com/showthread.php?t=813482)

  • Jun 29, 2015, 04:40 AM
    jazzy143
    How to get the liabilities without owners equity?
    Please help me solve this.. How to get the liabilities without owners equity?
    The only given is asset which is $63,000.00
  • Jun 29, 2015, 06:33 AM
    joypulv
    Something's missing...
  • Jun 29, 2015, 12:07 PM
    ma0641
    You can't.
  • Jun 30, 2015, 09:53 AM
    pready
    To solve your problem you first have to solve for owners equity, then use the basic accounting equation to solve for liabilities, or you will need a percentage number to solve for liabilities or owners equity.

    To solve for owners equity you will need more information, such as owners investment, owner withdrawals, net income, revenues, expenses, beginning or ending owners equity that will allow you to solve for the missing owners equity amount.

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