A Ltd's capital balance at start (1 June 20X3) was 6,000. The business transactions during the month were: Inventories purchased on credit for 150. Sale of goods for cash 470 (the goods had cost 180). Receipt of bill for the rent for the month of June of 100. Cash received from credit customers of 190. Owner takes goods which had cost 50 out of the business for her own use. Payment of credit suppliers of 200. Required: What is the balance of the business's capital at 30 June 20X3?

Answer rating: 100% (QA)

To calculate the balance of the businesss capital at 30 June 20X3 we need to consider the various tr... View the full answer