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The following information has been extracted from a Balance Sheet at 31 December 2003. What was the balance on Capital

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The following information has been extracted from a Balance Sheet at 31 December 2003.

What was the balance on Capital account at 31 December 2003? 

A. $300 000 

B. $320 000 

C. $340 000 

D. $350 000

Transcribed Image Text:

Fixed assets Working capital Long-term loan Profit for the year Drawings $ 300 000 00 30 000 20 000 35.000 25 000

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Accounting A Level And AS Level

Accounting A Level And AS Level

ISBN: 9780521539937

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Authors: Harold Randall

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Question Details
Chapter # 8- Balance Sheets for sole traders
Section: Multiple Choice Questions
Problem: 3
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Question Posted: August 27, 2023 09:04:34
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