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The following information belongs to XYZ traders for as at 31.12.2010 ...

The following information belongs to XYZ traders for as at 31.12.2010
Shs
Rent 5,000
Debtors 20,000
Drawings 10,000
Stock 80,000
Cash in hand 15,000
Creditors 25,000
Cash at bank 50,000
Calculate capital and prepare the trial balances of XYZ traders as at 31.12.2010

Answers


Kavungya
fig1426920191003.png
Debtors drawings + Stock + cash in hand + cash at bank- creditors = capital
20,000 + 10,000 + 80,000 + 15,000 + 50,000 – 25,000
175,000 – 25,000 = capital
150,000 = capital
Kavungya answered the question on September 26, 2019 at 07:04

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