Use the following information to answer the question below
| D | |
| Motor vehicle | 500000 |
| Stock | 35000 |
| Debtors | 18000 |
| Cash | 12850 |
| Bank Overdraft | 280000 |
| Creditors | 21500 |
A. D 867,350
B. D 544,350
C. D 264,350
D. D 832,350
Correct Answer:
Option C = D 264,350
Explanation
Capital = Total Asset – Total Liabilities
= ( 500,000 + 35,000 + 18,000 +12,850) – (280,000 + 21,500)
= 264,350
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