Accounting 0452 · IGCSE · Sole traders

Sole traders — practice question

Padma began operating a business on 1 April 2022 using $\$30000$ of her own funds. On 31 March 2023, her assets and liabilities were listed as follows. Machinery at net book value: $\$38000$ Other assets: $\$15000$ Long-term loan from bank: $\$16500$ What was Padma’s capital on 31 March 2023?

  • A$\$30000$
  • B$\$36500$
  • C$\$46500$
  • D$\$53000$

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