O-LevelAccountingPreparation of financial statements7707/11 · Oct/Nov 2018 · Q161 Mark
Beth provided the following information at 31 December 2017. $ capital 1 January 2017 26000 profit for the year 3600 drawings 2500 long-term loan 8000 Beth paid a personal cheque to the business on 30 December 2017 amounting to $5000. What was the capital employed on 31 December 2017?
A$24 100
B$32 100
C$35 100
D$40 100
✓ Correct answer
A: $24 100
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