QUESTION 2 8.6A The following information relates to A Trader's business: Assets and liabilities at 1 January 20X9 31 December 2OX9 £ 18,000 4,800 24,000 8,000 16,200 5,800 28,000 11,000 240 Fixtures...

QUESTION 2<br>8.6A The following information relates to A Trader's business:<br>Assets and liabilities at<br>1 January 20X9<br>31 December 2OX9<br>£<br>18,000<br>4,800<br>24,000<br>8,000<br>16,200<br>5,800<br>28,000<br>11,000<br>240<br>Fixtures<br>Debtors<br>Stock<br>Creditors<br>Cash<br>Balance at bank<br>Loan from B Burton<br>760<br>4,600<br>2,000<br>16,000<br>15,600<br>6,000<br>Motor vehicle<br>During the year, Trader had sold private investments for £4,000 which he paid into the business<br>bank account, and he had drawn out £200 weekly for private use.<br>Required:<br>1. Compute Capital for the beginning of the year & at the end of the<br>year<br>

Extracted text: QUESTION 2 8.6A The following information relates to A Trader's business: Assets and liabilities at 1 January 20X9 31 December 2OX9 £ 18,000 4,800 24,000 8,000 16,200 5,800 28,000 11,000 240 Fixtures Debtors Stock Creditors Cash Balance at bank Loan from B Burton 760 4,600 2,000 16,000 15,600 6,000 Motor vehicle During the year, Trader had sold private investments for £4,000 which he paid into the business bank account, and he had drawn out £200 weekly for private use. Required: 1. Compute Capital for the beginning of the year & at the end of the year

Jun 10, 2022

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QUESTION 2 8.6A The following information relates to A Trader's business: Assets and liabilities at 1 January 20X9 31 December 2OX9 £ 18,000 4,800 24,000 8,000 16,200 5,800 28,000 11,000 240 Fixtures...

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