Alpha Geek

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Category > Accounting Posted 21 Jun 2017 My Price 5.00

Flint is starting a business. Before starting to sell anything

F. Flint is starting a business. Before starting to sell anything, he bought fixtures for £1,200, a van for £6,000 and an inventory of goods for £2,800. Although he has paid in full for the fixtures and the van, he still owes £1,600 for some of the inventory. B. Rub lent him £2,500. After the above, Flint has £200 in the business bank account and £175 cash in hand. You are required to calculate his capital.

 

Answers

Alpha Geek
(8)
Status NEW Posted 21 Jun 2017 07:06 AM My Price 5.00

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Attachments

file 1498028943-2112264_1_636335667219256964_capital-balance.xlsx preview (96 words )
21-----------122-----------64&-----------amp-----------;am-----------p;i-----------nfo-----------Id=-----------508-----------660----------- £-----------Cap-----------ita-----------l b-----------ala-----------nce-----------F. -----------Fli-----------nt -----------is -----------sta-----------rti-----------ng -----------a b-----------usi-----------nes-----------s. -----------Bef-----------ore----------- st-----------art-----------ing----------- to----------- se-----------ll -----------any-----------thi-----------ng,----------- he----------- bo-----------ugh-----------t f-----------ixt-----------ure-----------s f-----------or -----------£1-----------,20-----------0, -----------a v-----------an -----------for----------- £-----------6,0-----------00 -----------and----------- an----------- in-----------ven-----------tor-----------y o-----------f g-----------ood-----------s f-----------or -----------£2-----------,80-----------0. -----------Alt-----------hou-----------gh -----------he -----------has----------- pa-----------id -----------in -----------ful-----------l f-----------or -----------the----------- fi-----------xtu-----------res----------- an-----------d t-----------he -----------van-----------, h-----------e s-----------til-----------l o-----------wes----------- £-----------1,6-----------00 -----------for----------- so-----------me -----------of -----------the----------- in-----------ven-----------tor-----------y. -----------B. -----------Rub----------- le-----------nt -----------him----------- £-----------2,5-----------00.----------- Af-----------ter----------- th-----------e a-----------bov-----------e, -----------Fli-----------nt -----------has----------- £-----------200----------- in----------- th-----------e b-----------usi-----------nes-----------s b-----------ank----------- ac-----------cou-----------nt -----------and----------- £-----------175----------- ca-----------sh -----------in -----------han-----------d. -----------You----------- ar-----------e
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