Given the following, what is the amount of Capital? Assets: Premises 20,000; Stock 8,500; Cash 100. Liabilities:

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Given the following, what is the amount of Capital? Assets: Premises £20,000; Stock £8,500; Cash £100. Liabilities: Creditors £3,000; Loan from A Adams £4,000

(A) £21,100

(B) £21,600

(D) £21,400

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Frank Woods Business Accounting Volume 1

ISBN: 9780273681496

10th Edition

Authors: Frank Wood, Alan Sangster

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Given the following, what is the amount of Capital? Assets: Premises 20,000; Stock 8,500; Cash 100. Liabilities:

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To calculate the amount of Capital you can use the following formula Capital Assets Liab...View the full answer

Frank Woods Business Accounting Volume 1

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