Bill Carmen commenced business introducing a vehicle worth 24,000, furniture valued at 8,000 and 5,000 in cash
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Bill Carmen commenced business introducing a vehicle worth £24,000, furniture valued at £8,000 and £5,000 in cash along with a bank loan of £2,500. His Capital account balance at commencement of business is:
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a £37,000 b £24,000 c £32,000 d £34,500
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Related Book For
Financial Accounting An Introduction
ISBN: 9780273737650
2nd Edition
Authors: Mr Barry Elliott, Mr Augustine Benedict
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