T. Trader sets aside from his private funds N1500 for business purposes. The N1500 would be referred to as? By: Sunday|Published on: Aug 19|Categories: Accounting WAEC| 0 comments A. capital B. loan C. reserve D. drawings E. profit Correct Answer: Option A – capital Users Also Read These:A private limited liability company can source funds…When a business is purchased from a sole trader, the…A partnership sourcing for funds to expand its…Okeze contracted to sell TV sets to Ojo. Unknown to…A trader started business with #30,000 and spent…SEE ALSO If premises is to be depreciated at 10% on cost and a 5% provision is to be allowed on debtors; the total asset in the balance sheet is?