How do I Calculate Capital?

[Clarabelle91]

Cash at Bank : 16,722
Acc/R: 17,922
Motor Vehicle: 31,567
Acc/P: 8,068
Bank Loan: 29,354
Equipment 16,807
Spplies: 799

[Clarabelle91]

I've got the answer as 46,395, is that correct?

[factor-fiction]

Cash at Bank 16722
Acc/R 17922
Motor Vehicle 31567
Acc/P -8068
Bank Loan -29354
Equipment 16807
Supplies: 799
TOTAL 46395

[factor-fiction]

The calculation shown does indeed give 46395 as the total, although is that actually capital?
I have assumed Acc/R is Accounts Receivable and is positive and Acc/P is Accounts Payable (negative). Is that what they are?

[TonyV]

That's not capital - You could'nt go any spend it? What is the purpose of the calculation? Have you taken into account depriciation on assets, assuming you are trying to produce a set of accounts.

[factor-fiction]

I agree, Tony V that it's not capital we have calculated. I assumed though that the figures were net figures after allowing for depreciation.
It looks more like a homework question to me from an introductory bookkeeping course.

[TonyV]

Factor30 - was'nt knocking you!! - you maybe correct about the homework question though lol. Will have to see if OP returns