Question

1.    Given the following, what is the amount of Capital?

Assets: Premises 20,000; Inventory 8,500; Cash 100.

Liabilities: Trade Payables 3,000; Loan from A Adams 4,000.

A 21,100 Correct Answer Incorrect Answer
B 21,600 Correct Answer Incorrect Answer
C 32,400 Correct Answer Incorrect Answer
D 21,400 Correct Answer Incorrect Answer
E 21,500 Correct Answer Incorrect Answer

Solution

[20000+8500+100-3000-4000]

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