Ordinary share----------------------------------70,000
Use the following information to amswer the question that follows
Ordinary share----------------------------------70,000
Retained earnings-----------------------------31,142
Motor vehicle at cost--------------------------21,136
Accumulated dep. - motor vehicle---------7,109
Furniture and fittings at cost----------------1,334
Accumulated dep. fur & fitts at cost-------1,007
Stock----------------------------------------------32,200
Debtors-------------------------------------------49,380
Bank-----------------------------------------------15,953
Creditors------------------------------------------11,329
Equity holders fund is.............
112,471
111,834
101,142
14,027
Correct answer is C
Ordinary share + Retained earnings
70,000 + 31,142 = 101,142
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