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O-LevelAccountingThe fundamentals of accounting7707/11 · Oct/Nov 2014 · Q41 Mark

Karen borrowed $80000 from her father and obtained a bank loan, $6000 in order to start a business. She bought premises, $120000, equipment, $22000, and inventory, $600. What was Karen's capital?

A$56 600
B$136600
C$142600
D$216600

✓ Correct answer

A: $56 600

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About this question

Topic
The fundamentals of accounting, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source
O-Level Accounting, Oct/Nov 2014 Paper 1 Variant 1, question 4.

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