Winston is setting up a new business. Before selling anything, he bought a van for 9,995; a
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Winston is setting up a new business. Before selling anything, he bought a van for £9,995; a transportable market stall for £2,050; a computer for £495; and an inventory of goods for £11,720. He did not pay in full for his inventory of goods and still owes £2,380 for them. He borrowed £5,000 from G Orwell. After the events just described, and before trading starts, he has £100 cash in hand and £920 in the bank. Calculate the amount of his capital.
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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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