Accounting 0452 · IGCSE · Sole traders

Sole traders — practice question

The following details were supplied by a trader: - capital on 1 October 2019: $52\,000$ - motor vehicle introduced into the business by the trader: $3500$ - personal expenses paid from the business bank account: $1500$ - cash drawings taken during the year: $500$ What was the capital on 30 September 2020?

  • A$46\,500$
  • B$50\,000$
  • C$53\,500$
  • D$55\,000$

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