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    myqueen's Avatar
    myqueen Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Sep 28, 2011, 08:41 PM
    How to find liabilities in accounting?
    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's Avatar
    pready Posts: 3,197, Reputation: 207
    Ultra Member
    		  
    #2

    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.
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