XYZ Enterprises bought ABC Enterprises by issuing 30,000 ordinary shares of N1 each at a discount of 5%. The assets of ABC Enterprises are stock N18,000. Debtors N11,000. Capital reserve was

Similar Questions

Which of the following is not a cause discrepancy between cash book and bank statement balances? ...

Reducing balance method charges depreciating as fixed percentage of the ...

Rent owed by a department is treated in the Balance sheet as ...

At the end of a financial period, the trading profit and loss account of a company showed a profit o...

What was the bank balance at the end of the month? ...

OGOGO'S SALES LEDGER LEDGER CONTROL ACCOUNT \(\begin{array}{c|c} & D & & D \\ \...

Adex Ltd. issues stock to its retail branches at cost price. The following particulars relate to Ede...

The concise statement used to explain entries in the general journal is known as ...

Which of the following explains the short term solvency of a company? ...

A company has departments L, M and O. Department L Occupies a space twice that of M while O occupies...