Bill Carmen commenced business introducing a vehicle worth 24,000, furniture valued at 8,000 and 5,000 in cash

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Bill Carmen commenced business introducing a vehicle worth £24,000, furniture valued at £8,000 and £5,000 in cash along with a bank loan of £2,500. His Capital account balance at commencement of business is:

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Financial Accounting An Introduction

ISBN: 9780273737650

2nd Edition

Authors: Mr Barry Elliott, Mr Augustine Benedict

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Question Posted: Aug 26, 2023 07:34 AM

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Bill Carmen commenced business introducing a vehicle worth 24,000, furniture valued at 8,000 and 5,000 in cash

Question:

a £37,000 b £24,000 c £32,000 d £34,500

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Financial Accounting An Introduction

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