If Cash=$1000 inventories=$4000 Debtors=$5000 fixed assets=? Capital+Liabilities=$15000 What is the Amount of total assets?

total assets = total liabilities + total equity

so total assets  must equal15000 

but the quez must ask for equity 

the total equity must be10000

In accounting we have the basic formula of Assets=Liabilities+Capital.

In the given problem, the TOTAL Assets would be $15,000 (liabilities plus capital) - Choice C

assets will automatically decrease $5000

C is right answer basic formula of Assets=Liabilities+Capital

Fixed Asset = A, Total Assets = C

The total amount of Fixed Assets is $5000

current assets =10000

liabilities plus equity=15000

fixed assets =5000

Accounting Equation is Total Assets ($15000)=Total Liabilities + Total Shareholders Equity ($15000)

Therefore Total Assets=$15000 (1000+4000+5000+ Fixed Assets5000)

The correct answer is: A) $5000

C) $15,000

Assets = Capital + Liability  hence total assets in this case will be $15,000. However fixed assets will be $5,000 thus Total Assets - Current Assets [15,000 - (1,000 +4,000 +5,000)] which represent cash, inventory and debtors respectively as given in the question.