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FA study hub question

Forums › ACCA Forums › ACCA FA Financial Accounting Forums › FA study hub question

  • This topic has 0 replies, 1 voice, and was last updated 9 months ago by Avatarfiastudent@2023.
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  • July 14, 2025 at 5:49 pm #718401
    Avatarfiastudent@2023
    Participant
    • Topics: 1
    • Replies: 0
    • ☆

    Bob used the following balances to prepare his final accounts as at 30 April 20X7

    Recervables
    6.000
    Bank loan
    3,000
    Bank overdraft
    2,500
    Drawings
    4,100
    Capital
    12,500
    Revenue
    22000
    Purchases
    19200
    Rent
    5,400
    Bank interest
    825
    Heat and light
    4475

    The business does not hold inventory No lurther adjustments were required

    What is Bobs’ opening capital figure as at 1 May 20X77 ?
    Study hub answer is 500.
    My question 30 April 2007 closing capital is 12500.so the opening capital at 1 may 2007 should be 12500.But why study hub says the opening capital at 1 may 2007 is 500.i can’t understand the explanation.

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