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Calculate the amount of his capital

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Question - Ali is setting up a new business. Before actually selling anything, he bought a van for £4,500, a market stall for £2,000 and a stock of goods for £1,500. He did not pay in full for his stock of goods and still owes £1,000 in respect of them. He borrowed £5,000 from Babar. After the events just described, and before trading starts, he has £400 cash in hand and £1,100 cash at bank. Calculate the amount of his capital.

Reference no: EM132640480

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