Capital Calculation Q2

Q.
a) Fahsa is setting up a new business. Before actually selling anything, she bought a van for RM5,500, a market stall for RM3,000 and a stock of goods for RM2,500. She did not pay in full for this stock of goods and still owes RM2,000 in respect of them. She borrowed RM6,000 from Ali. After the events just described, and before trading starts, she has RM500 cash in hand and RM2,100 cash at bank. Calculate the amount of her capital.

(10 marks, 2012 Q2a)

b) Draw up Aiman's Balance Sheet from the following information as at 31 December 2011.

Particulars ---------- RM

Capital ---------------10,200
Debtors ---------------4,500
Creditors -------------4,100
Equipment -----------3,400
Stock of goods ------3,600
Cash at bank ---------2,800

(10 marks, 2012 Q2b)