Atul has the following assets and liabilities on 31 December 20*8: Premises at cost 60,000; equipment at

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Atul has the following assets and liabilities on 31 December 20*8:
Premises at cost £60,000; equipment at cost £25,000; stock £5,000; debtors £4,000; creditors £8,000; money owed to the bank £6,000.

Required

Calculate the amount of Atul’s capital at 31 December 20*8.

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Introducing Accounting For AS

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Authors: Ian Harrison

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Question Posted: Aug 21, 2023 09:46 AM

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Atul has the following assets and liabilities on 31 December 20*8: Premises at cost 60,000; equipment at

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To calculate Atuls capital at 31 December 208 we need to use the basic ...View the full answer

Introducing Accounting For AS

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