Use the following information to answer the given question (begin{array}{c|c} & D \ hline text{Cash…

Use the following information to answer the given question
(begin{array}{c|c} & D \ hline text{Cash in hand}& 1,440\ text{Cash at bank} & 2440\ text{Stock} & 2,500\ text{Furniture and fittings} & 2,200 \ text{Creditors} & 1,000end{array})
The capital is

  • A.
    D1,440
  • B.
    D6,580
  • C.
    D5,380
  • D.
    D1,000
Correct Answer: Option A
Explanation

Capital is a term for financial assets, such as funds held in deposit accounts and/or funds obtained from special financing sources. 

 

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