Home » Accounts (Principles of Accounts) » Given: Fixtures-#30,000 Debtors-#7,000 Stock- #8,000 Creditors-#3,000 Goodwill-#10,000 Determine the capital

Given: Fixtures-#30,000 Debtors-#7,000 Stock- #8,000 Creditors-#3,000 Goodwill-#10,000 Determine the capital

Given:
Fixtures-#30,000
Debtors-#7,000
Stock- #8,000
Creditors-#3,000
Goodwill-#10,000
Determine the capital

  • A.
    #10,000
  • B.
    #42,000
  • C.
    #45,000
  • D.
    #52,000
Correct Answer: Option D
Explanation

30,000 + 7000 + 8000 +10,000 = 55000

55,000 – 3000 = 52,000