MCQOPTIONS
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| 1. |
At the beginning of an accounting year, a club has assets worth ` 19000, liabilities ` 5000 and ` 1800 as the debit balance of the income and expenditure account. The opening capital is |
| A. | ` 18000 |
| B. | ` 15800 |
| C. | ` 11200 |
| D. | ` 24800 |
| Answer» C. ` 11200 | |