O-LevelAccountingPreparation of financial statements7707/13 · Oct/Nov 2020 · Q191 Mark

A trader provided the following information. $ capital at 1 October 2019 52000 motor vehicle given to the business by the trader 3500 personal expenses paid out of business bank account 1500 cash drawings made during the year 500 What was the capital at 30 September 2020?

A$46.500

B$50 000

C$53 500

D$55000

✓ Correct answer

C: $53 500

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Topic: Preparation of financial statements, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, Oct/Nov 2020 Paper 1 Variant 3, question 19.

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A trader provided the following information. $ capital at 1 October 2019 52000 motor vehicle given to the business by the trader 3500 personal expenses paid out of business bank account 1500 cash drawings made during the year 500 What was the capital at 30 September 2020?

✓ Correct answer

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About this question

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