$6,000 is the correct answer
The total liabilities are calculated as follows:
Total liabilities = bought office equipment - cash paid = $10,000 - $4,000 = $6,000
Any bodily injury to a third person, such as a customer or client, that occurs at your business is considered bodily injury. For example, if a consumer enters your flower shop, slips on your wet floor, and breaks their leg, your general liability insurance may pay for their medical fees.
The necessity for public liability insurance is established by whether or not you interact with the general public. However, many insurance companies will take your turnover into account when calculating your insurance price.
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