Given: Motor van, N3,600, Premises, N5,000; Loan from R. Nwaeke, N1,000; Cash at bank; N1,650; stock of goods N4,800; Creditors, N2,560; Cash in hand, N250 and debtors N6,910. calculate the capital figure.

MLAWAL01

6 years ago

CAPITAL=ASSETS-LIABILITIES
ASSETS: 3600+5000+1650+4800+250+6910=22,210
LIABILITIES:1000+2560 = 3,560
18,650

Nwa-Teacher

12 years ago

Yes! Yes!! Opt B z d corect ans wit dis my rite T-format. On d LHS (Dr), Curent Liab: Loan=1000 ad Creditos=2560=3560, On d RHS (Cr), Fixed asets: Moto Van=3600 ad Premises=5000=8600. Curent asets: Cash @ bank=1,650 ad Stock=4,800 ad Cash in hd=250 ad Debto=6,910=13,610 ad 8600=22,210. Dere4 Capita= Asets Less Liab=22,210 Less 3,560=18,650 Ans. 4 more info call 07037515020 or facebuk Agbo Anselem. Thanks

Benjaminbc

12 years ago

Yeah! Dats the correct answere