GCE Accounting 2022 Objective — Question 48
Question 48 of 50 from the General Certificate of Education (GCE) Accounting 2022 Objective paper, with the correct answer and a full explanation.
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Balance sheet data: Motor vehicle D500,000; Stock D35,000; Debtors D18,000; Cash D12,850; Bank Overdraft D280,000; Creditors D21,500. The capital is
- A. D867,350
- B. D832,350
- C. D544,350
- D. D264,350Correct
Explanation
Capital = Total assets - Total liabilities = (500,000+35,000+18,000+12,850) - (280,000+21,500) = 565,850 - 301,500 = D264,350.
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