📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!


    Question

    The capital of a sole trader would change as a result

    :
    A A creditor being paid his account by cheque. Correct Answer Incorrect Answer
    B Raw materials being purchased on credit. Correct Answer Incorrect Answer
    C Fixed assets being purchased on credit. Correct Answer Incorrect Answer
    D Wages being paid in cash. Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    Wages are expenses which impact P&L, it will reduce the profit which eventually added to capital; hence it will impact the capital of sole trader.

    Practice Next
    ask-question

    Not sure which exam is best for you Talk to our expert

    Get My Free Call