UCHENNA ENTERPRISES: Balance sheet as at 31st December, 1993 $\begin{array}{c|c} & N & N & & N \\ \hline Capital & 84,000 & & \text{Land and building} & 45,000 \\ \text{Add net profit} & 15,000 & 99,000 & \text{Furniture and Fittings} & 34,000 \\ \text{Less drawings} & & 9,000 & Stock & 28,000 \\ & & \overline{90,000} & debtors & 22,000 \\ debtors Creditors & & 25,000 & cash & 1,000 \\ Accruals & & 15,000 & & \\ & & \overline{130,000} & & \overline{130,000} \end{array}$

Working capital amounts to

Similar Questions

Use the following information \(\begin{array}{c|c} & ₦ \\\hline \text{Opening capital} & ...

Which accounting concept supports the assertion that economic reality takes precedence over legal is...

Which of the following errors will affect the totals of a trial balance? ...

Public sector accounting is based on ...

Use the following information to answer the given question \(\begin{array}{c|c} & N \\ \hli...

Adex Company Limited issued ordinary shares N1 each to the public at N1.20. The statement were issue...

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

\(\begin{array}{c|c} & N \\ \hline Sales & 200,000 \\ \text{Opening Stock} & 20,000 \\ p...

A system where a separate cash book is maintained for small payments is ...

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