The adjusted capital as at 31/12/2007 is?

Given: #
Drawings = 3,500
Net loss = 2,500
Capital 1/1/2007 = 35,000
Additional capital = 10,000

A. #45,000
B. #39, 000
C. #35,000
D. #46,000

Correct Answer:

Option B – #39, 000

Explanation

capital + Additional capital – Drawings – net loss

35,000 +10,000 – 2500 – 3500 = 39,000