\(\begin{array}{c|c} & N\\ \hline \text{Land and building} & 20,000\\ Stock & 5,000\\ \text{Cash in hand} & 1,000\\ \text{Profit and loss b/f} & 14,000\\ \text{Rent owing} & 400\\ Creditors & 11,000\\ \text{Furniture and fittings} & 7,500\\ \text{Motor vehicle} & 12,000 \\ Debtors & 13,750\\ \text{Bank overdraft} & 8,750 \end{array}\)

The value of current assets is

Similar Questions

The equivalent of income and expenditure account in a trading concern is ...

The authority of the accountant-General to disburse from government fund is called ...

(i) Facilitating the preparation of final accounts (ii) Making the existence of error easy to detec...

In the absence of a sales day book or sales account the credit for sales can be computed from ...

Accumulated fund is also referred to as ...

In a manufacturing enterprise depreciation of plant is treated in the ...

The document from which entries are transferred to the purchases day book is the ...

Which of the following is not a debit entry in the Bought Ledger? ...

Motor car costing N10,000 was depreciated at 20 per cent anuum by the diminishing balance method. Tw...

The method of ascertaining capital from income record is by preparing the ...