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The following account balances were extracted from the books of Kitu traders on 30th November 1995 Machinery 250,000 Debtor ...

      

The following account balances were extracted from the books of Kitu traders on 30th
November 1995
Machinery 250,000
Debtor 62,000
Creditors 46,000
Stock 12,680
Cash in hand 1,500
Cash at bank 15,000
Determine the capital as at 30th November 1995

  

Answers


Kavungya
Capital = total assets – total liabilities
=250,000 + 12680 + 620,500 + 15,500 + 1,500 – 46,520
= 314,660 – 46,520
= Kshs. 295,160
Kavungya answered the question on March 27, 2019 at 08:27


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