Use of following information to answer questions below
D
Motor vehicle 500000
Stock 35000
Debtors 18000
Cash 12850
Bank overdraft 280000
Creditors 21500
The capital is
  • A D 867,350
  • B D 544,350
  • C D 264,350
  • D D 832,350
waec 2022accounting

The correct answer is C. D 264,350

Capital = Total Asset - Total Liabilities

= ( 500,000 + 35,000 + 18,000 +12,850) - (280,000 + 21,500)

= 264,350

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