On 1 August 2020, Jojo decided to start a sole proprietorship business with i point the following items: building RM400,000; motor vehicles RM160,000; fixtures and fittings RM 120,000; loan from bank RM100,000; cash at bank RM30,000. What was the amount of capital that Jojo contributed to the business.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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On 1 August 2020, Jojo decided to start a sole proprietorship business with i point the following items: building RM400,000; motor vehicles RM160,000; fixtures and fittings RM 120,000; loan from bank RM100,000; cash at bank RM30,000. What was the amount of capital that Jojo contributed to the business.

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