NABTEB Accounting 2020 Objective — Question 48

Question 48 of 50 from the National Business and Technical Examinations Board (NABTEB) Accounting 2020 Objective paper, with the correct answer and a full explanation.

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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