Given: #

Drawings 3,500

Net loss 2,500

Capital 1.1,2007 35,000

Additional capital 10,000

The adjusted capital as at 31 : 12 : 2007 is

  • A #45,000
  • B #39, 000
  • C #35,000
  • D #46,000
jamb 2016accounting

The correct answer is B. #39, 000

capital + Additional capital - Drawings - net loss

35,000 +10,000 - 2500 - 3500 = 39,000

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