The adjusted capital as at 31/1/2007 is?

The adjusted capital as at 31/1/2007 is?

Given: Drawings – #3,500 Net loss – #2,500 Capital 1/1/2007 – #35,000 Additional capital – #10,000   A. #35,000 B. #39,000 C. #45,000 D. #46,000 Correct Answer: Option B Explanation Adjusted capital= capital + additional capital –...
The adjusted capital as at 31/1/2007 is?

Determine the net profit _______?

Given: Opening capital – #50,000 Closing capital – #64,000 Drawings – #16,000 A. #2,000 B. #14,000 C. #20,000 D. #30,000 Correct Answer: Option D – #30,000 Explanation closing capital – opening capital + drawings 64,000 – 50,000...
The adjusted capital as at 31/1/2007 is?

Calculate the closing capital _____?

1/1/2010 – 31/12/2010 Creditors – #9,000 #9,800 Rent owing – #3,800 #2,500 Rates prepaid – #2,000 #3,500 Motor van – #8,000 #8,000 Premises – #10,000 #10,500   A. #8,700 B. #9,500 C. #9,700 D. #10,700 Correct Answer: Option C...
The adjusted capital as at 31/1/2007 is?

Find the opening capital?

1/1/2010 31/12/2010 Creditors – #9,000 #9,800 Rent owing – #3,800 #2,500 Rates prepaid – #2,000 #3,500 Motor van – #8,000 #8,000 Premises – #10,000 #10,500 A. #5,700 B. #7,700 C. #9,800 D. #14,900 Correct Answer: Option B –...

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