Financial Accounting Multiple Choice Questions and Answers

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Here is a sample financial accounting multiple choice questions:

Mr. Smith, a sole proprietor has the following: Premises $55,000, Cash at Bank $6,500, Inventory $12,500 and creditors $5,000. What is the amount of the capital?

a. $31,000

b. $35,000

c. $10,000

d. $69,000

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