Qualification > Commerce

AS accounts doubt plzz help!!!!!!!

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RTB:
plzz explain how did u get da answer :)

immortal:
It has 2  b "B" & da MCQ cn b sme times wrong..

***exam***:
in the marking scheme answer is B   :D

musu09:
the answer is ''b''

how here it is:

assets:
motor vehice+stock cost price+debtors=2500+4000+1000=7500

liabilities:
bank over draft                                                        = (500)

answer is 7000

lastgift:
A business does not keep proper accounting records.
The following information is available at the start of the year.
1 a motor car valued at $2500
2 stocks which cost $4000 with a sale value of $6000
3 bank overdraft of $500
4 a loan to a friend from the business bank account $1000
What is the Capital account balance at the start of the year?
A $5000 B $7000 C $8000 D $9000

Assets= Capital + Liabilities
Therfore, capital= assets-liabilities
                      = (2500+4000+1000)-(500)
                      =7000

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