The assets and liabilities of Bon & Co.at 31st Dec were as follows:
$$\begin{array} { l c }
\text { Inventory } & 14,450 \
\text { Trade receivables } & 2,300 \
\text { Trade payables } & 3,000 \
\text { Accruals } & 200 \
\text { Prepayments } & 250 \
\text { Bank balance } & £ 1,250
\end{array}$$
What is the capital at 31st December?
A) £15,050
B) £18,250
C) £3,200
D) £14,450

Question

The assets and liabilities of Bon & Co.at 31st Dec were as follows:
$$\begin{array} { l c } 
\text { Inventory } & 14,450 \
\text { Trade receivables } & 2,300 \
\text { Trade payables } & 3,000 \
\text { Accruals } & 200 \
\text { Prepayments } & 250 \
\text { Bank balance } & £ 1,250
\end{array}$$
What is the capital at 31st December?
A) £15,050
B) £18,250
C) £3,200
D) £14,450

Quizplus · Accepted Answer

Capital is calculated as Assets - Liabilities. Total assets are Inventory (£14,450) + Trade receivables (£2,300) + Prepayments (£250) + Bank balance (£1,250) = £18,250. Total liabilities are Trade payables (£3,000) + Accruals (£200) = £3,200. Therefore, Capital = £18,250 - £3,200 = £15,050.

The Assets and Liabilities of Bon & Co What Is the Capital at 31st December? A) £15,050 B)

The Assets and Liabilities of Bon & Co What Is the Capital at 31st December?
A) £15,050
B)