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What is jayantha equity at december

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Question - Jayantha commenced business on 1 January 2010 with equity of £100,000. During the year ending 31 December 2010, he paid £92,400 for purchasing goods for sale (all of which was sold) and £31,450 for various expenses. He received £139,250 by sale of goods. Jayantha has drawn £12,000 in cash and introduced a motor car to the business valued at £10,000.

What is Jayantha's equity at 31 December 2010?

Reference no: EM132044957

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