On first August, Izah decided to start a sole proprietorship business with the following items; building RM400, 000; motor vehicles RM160, 000; fixtures & fittings RM120, 000; loan from bank RM100, 000; Cash at bank RM30, 000. What was the amount of capital that Izah contributed to the business?

On first August, Izah decided to start a sole proprietorship business with the following items; building RM400, 000; motor vehicles RM160, 000; fixtures & fittings RM120, 000; loan from bank RM100, 000; Cash at bank RM30, 000. What was the amount of capital that Izah contributed to the business?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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