Given: N
Drawings 3,500
Net loss 2,500
Given: N
Drawings 3,500
Net loss 2,500
Capital 1.1,2007 35,000
Additional capital 10,000
The adjusted capital as at 31 : 12 : 2007 is
N45,000
N39, 000
N35,000
N46,000
Correct answer is B
Capital + Additional capital - Drawings - net loss
35,000 +10,000 - 2500 - 3500 = 39,000
Carriage outwards is charged to ...
An expense becomes an accrual because it ...
\(\begin{array}{c|c} & N \\ \hline \text{Opening stock:} & \\ \text{- raw materials} & 6...
Given: PTF Trial Balance [Extract] as at 31 December, 1999 Dr Cr N'000 N '000 Ca...
A debit balance of N1,000 in cash account means that ...
An example of a credit entry in a profit and loss account is ...