Yahuza Enterpises
Trial Balance (Extracts) as at Dec. 31, 1998.
Capital
Premises 90,000 21,000
Debtors 35,000
Provisions 1/1/98:
Depreciation 9,000
Bad and doubtful 1,500

If premises is to be depreciated at 10% on cost and a 5% provision is to be allowed on debtors, the total asset in the balance sheet is

Similar Questions

Chibuike bought 36 notebooks at N10 each from John and was given a trade discount of 5%. In addition...

Acquisition cost of computers - Le 80,000 Installation cost - Le 20,000 Estimated residual value -...

Industry ltd, issued 100,000 shares at ₦1 each out of its Authorized share capital of ₦200,000 a...

The undistributed profits of a limited liability company is ...

The subscribed share capital is ...

Okoro and Osula are in partnership sharing profits and losses in the ratio 3 : 2 respectively. Their...

Payment to creditors ₦12,250 Creditors at start ₦550 Creditors at end ₦830 What is the am...

1/1/2010                     31/12/2010 Cred...

The conversion of a partners business into a limited liability company affords the ...

Ezekiel Malgwi is a retailer. He recorded sales representing 95% cash and 5% credit. He took the tot...