Multiple Choice
A business has a property worth £60,000, a motor vehicle worth £7,000, fixtures and fittings worth £15,000, cash in the bank of £6,000. The business owes £20,000 to its suppliers and £5,000 is still outstanding on a loan. How much capital does the business have?
A) £39,000
B) £53,000
C) £81,000
D) £95,000
Correct Answer:
Verified
Correct Answer:
Verified
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