Given:

Authorized Capital: N100,000 ordinary shares of N1 each
Issued and fully paid:
50,000 ordinary shares of N 1 each 50,000
10, 000 8% perference shares
of N 1 each 
Reserves 10,000
Creditors 25,000
Debtors 13,000
Cash in hand 5000

Determine the net current assets

Similar Questions

Deferred charges are also known as ...

Using the following information to answer the given question \(\begin{array}{c|c} Post & Gr...

  ₦ Manufacturing wages 42000 ...

Taurus Ltd was incorporated with the legal right to issue five million ordinary shares. The company ...

The net profit from a trading account of a non-profit making organization would be treated as income...

Bank reconciliation statement is prepared to reconcile the differences between ...

Lubricating oil and spare parts of machinery are examples of? ...

The purchase of mattresses from Freehold enterprises by cheque amounted to #305,150. The correct ent...

\(\begin{array}{c|c} & N \\ \hline \text{Debtors (1/1/98)} & 2,000 \\ \text{Debtors (31/12/98)} & 1,...

The act of making necessary adjustment after comparing the actual cost with targeted cost is cost --...