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


Next: A photon has an energy of 5x10-19J. Calculate the wavelength associated with this photon.
Previous: During the month of July 1995 Kungu made sales worth Kshs.60,000. His margin on sales was 20%, calculate; a) The cost of goods sold b) The gross...

View More Business Studies Questions and Answers | Return to Questions Index


Exams With Marking Schemes

Related Questions