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Q. Consider the following data. What is the value of liabilities in an accounting equation?
Furniture = $ 90,000
Cash = $ 100,000
Debtors = $ 11,000
Owner’s equity = $ 90,000
(A) $ 201,000
(B) $ 111,000
(C) $ 290,000
(D) $ 291,000

The answer is: (B) $ 111,000
Liabilities=Assets–Capital. So,
Liabilities=90000+100000+11000–90000=$111000
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