WAEC - Accounts Principles Of Accounts (2022 - No. 1)
Use of following information to answer questions below
| D | |
|
Motor vehicle |
500000 |
|
Stock |
35000 |
|
Debtors |
18000 |
|
Cash |
12850 |
|
Bank overdraft |
280000 |
|
Creditors |
21500 |
The capital is
D 867,350
D 544,350
D 264,350
D 832,350
Explanation
Capital = Total Asset - Total Liabilities
= ( 500,000 + 35,000 + 18,000 +12,850) - (280,000 + 21,500)
= 264,350
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