Given: #
Drawings 3,500
Net loss 2,500
Capital 1.1,2007 35,000
Additional capital 10,000
The adjusted capital as at 31 : 12 : 2007 is
-
A.
#45,000 -
B.
#39, 000 -
C.
#35,000 -
D.
#46,000
Correct Answer: Option B
Explanation
capital + Additional capital – Drawings – net loss
35,000 +10,000 – 2500 – 3500 = 39,000