1/1/2010 31/12/2010 Creditors – #9,000 #9,800 Rent owing – #3,800 #2,500 Rates prepaid – #2,000…

1/1/2010 31/12/2010
Creditors – #9,000 #9,800
Rent owing – #3,800 #2,500
Rates prepaid – #2,000 #3,500
Motor van – #8,000 #8,000
Premises – #10,000 #10,500
Find the opening capital
  • A.
    #5,700
  • B.
    #7,700
  • C.
    #9,800
  • D.
    #14,900
Correct Answer: Option B
Explanation
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