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The following information was obtained from the books of Sindo Limited on 31 December 2015:

Details Ksh 
Capital 24,000
Stock 1,500
Debtors 2,000
Machinery 20,000
Cash 4,000

Determine the total liabilities of the business. 

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Total asset = 20,000+ 1,500 +2,000 +4,000 = 27,500
Capital = 24,000
Assets = Capital + Liabilities
Liabilities = Assets-Capital
=27,500-24,000) 
=3,500 

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