| Debit | Credit | |
| Receivables | 70,000 | |
| Drawings | 6,000 | |
| Purchases | 300,000 | |
| Rent | 1,000 | |
| Bank Interest | 4,000 | |
| Heat and Light | 9,000 | |
| Bank Loan | 3,000 | |
| Bank OD | 6,000 | |
| Revenue | 336,000 | |
| Capital | 45,000 | |
| Total | 390,000 | 390,000 |
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 | 336,000 | |
| purchases | 300,000 | |
| Rent | 1,000 | |
| Bank Interest | 4,000 | |
| Heat | 9,000 | |
| Profit | 22,000 | |
| Add Capital | 45,000 | |
| Minus Drawings | 6,000 | |
| Answer | 61,000 |
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2015 ACCA F3 OPENING CAPITAL