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Use of following information to answer questions below

     D

Motor vehicle

 500000

Stock

  35000

Debtors

 18000

Cash

 12850

Bank overdraft

 280000

Creditors

  21500

The capital is

A.

D 867,350

B.

D 544,350

C.

D 264,350

D.

D 832,350

View answer & explanation

Correct answer is C

Capital = Total Asset - Total Liabilities

= ( 500,000 + 35,000 + 18,000 +12,850) - (280,000 + 21,500)

= 264,350

 

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