Given: Motor van, N3,600, Premises, N5,000; Loan from R. Nwaeke, N1,000; Cash at bank; N1,650; stock of goods N4,800; Creditors, N2,560; Cash in hand, N250 and debtors N6,910. calculate the capital figure.

Similar Questions

A partnership's internal regulations are set out by ...

The capital sum which represents the difference between he asset and liabilities of a society or clu...

Which of these is not a subsidiary books? ...

In the balance sheet of a not-for-profit-making organization, subscription paid in advance is regard...

Tale LTd. has 100,000 ordinary shares of ₦1 each and 60,000 5% preference shares of ₦1 each. Bot...

Which of the following accounting conventions suggests that accountants should use a method of valua...

Use the following information to answer the given question. The Receipts and Payments Account of Aca...

An expense is said to be revenue in nature if it ...

  Years Current Assets Liabilities Fixed Assets Capital ...

From the following, determine the value of the closing stock using: Feb 1 purchased 200 units @ �...