| Debit | Credit | |
| Receivables | 90,000 | |
| Drawings | 6,000 | |
| Purchases | 400,000 | |
| Rent | 5,000 | |
| Bank Interest | 3,000 | |
| Heat and Light | 8,000 | |
| Bank Loan | 28,000 | |
| Bank OD | 1,000 | |
| Revenue | 448,000 | |
| Capital | 35,000 | |
| Total | 512,000 | 512,000 |
The business does not hold inventory. No further adjustments were required.
What is Bob's opening capital figure as at 1 May 2013?
Suggested solutions:
| Revenue | 448,000 | |
| purchases | 400,000 | |
| Rent | 5,000 | |
| Bank Interest | 3,000 | |
| Heat | 8,000 | |
| Profit | 32,000 | |
| Add Capital | 35,000 | |
| Minus Drawings | 6,000 | |
| Answer | 61,000 |
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2015 ACCA F3 OPENING CAPITAL