ABC is a company that commenced business on 1 January 2016.Below are the balances in the 30 June 2016 financial statements. 
- What is the balance of assets?
Definitions:
Business Competition
The rivalry among companies for market share and profitability, driven by the quest for innovation, quality, and customer satisfaction.
Moral Principles
Fundamental beliefs regarding what is right and wrong that guide individuals' behaviors and decisions.
Ethics
The moral principles that govern a person's behavior or the conducting of an activity.
Conduct
The manner in which an individual or organization behaves, often guided by moral, ethical, or legal standards.
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