Use the following information to answer the question below

Opening capital ---10,800

Drawings----------- 2,500

Trade creditors ----2,560

Trade debtors ------2,880

Cash in hand -------1,000

Net profit------------- 6,000

The closing capital is

  • A 16,800
  • B 14,300
  • C 8,300
  • D 7300

The correct answer is B. 14,300

No explanation given
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