Given the following, what is the amount of Capital? Assets: Premises ( 20,000); Inventory ( 8,500); Cash

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Given the following, what is the amount of Capital? Assets: Premises $£ 20,000$; Inventory $£ 8,500$; Cash $£ 100$. Liabilities: Trade payables $£ 3,000$; Loan from A. Adams $£ 4,000$

(A) $£ 21,100$

(B) $£ 21,600$

(D) $£ 21,400$

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Frank Woods Business Accounting An Introduction To Financial Accounting

ISBN: 9781292365435

15th Edition

Authors: Alan Sangster, Lewis Gordon, Frank Wood

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Question Posted: Feb 29, 2024 09:01 AM

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Given the following, what is the amount of Capital? Assets: Premises ( 20,000); Inventory ( 8,500); Cash

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Frank Woods Business Accounting An Introduction To Financial Accounting

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