Carole has the following assets and liabilities on 31 August 20*8: Machinery at cost 120,000; vehicles at

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Carole has the following assets and liabilities on 31 August 20*8:
Machinery at cost £120,000; vehicles at cost £70,000; stock £20,000; debtors £10,000; creditors £8,000; bank balance £2,000.

Required

Calculate the amount of Carole’s capital at 31 August 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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Carole has the following assets and liabilities on 31 August 20*8: Machinery at cost 120,000; vehicles at

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Introducing Accounting For AS

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