1/1/2010 31/12/2010
Creditors – #9,000 #9,800
Rent owing – #3,800 #2,500
Rates prepaid – #2,000 #3,500
Motor van – #8,000 #8,000
Premises – #10,000 #10,500
Calculate the closing capital
A #8,700
B #9,500
C #9,700
D #10,700
Answer is C
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1/1/2010 31/12/2010
Creditors – #9,000 #9,800
Rent owing – #3,800 #2,500
Rates prepaid – #2,000 #3,500
Motor van – #8,000 #8,000
Premises – #10,000 #10,500
Calculate the closing capital
A #8,700
B #9,500
C #9,700
D #10,700
Answer is C
