Use the following to answer the given question

BALANCE SHEET:
$\begin{array}{c|c} & N & & N \\ \hline \text{Ordinary share capital} & 100,000 & \text{Plant and Machinery} & 60,000 \\ \text{6% preference share capital} & 60,000 & Furniture & 50,000 \\ Reserve & 20,000 & \text{Motor van} & 68,000 \\ & 180,000 & Stock & 14,000 \\ \text{10% Debentures} & 40,000 & Debtors & 36,000 \\ Creditors & 25,000 & Prepyments & 1,800 \\ \text{Accrued Rent} & 3,000 & bank & 18,200 \\ Total & N248,000 & & N248,000 \end{array}$

What is the net total of assets

Similar Questions

Cost of extension to a factory building is classified as ...

The purpose of profit and loss account is to ascertain ...

Subscriptions owed by members of a club is a/an ...

Which of the following is an example of factory overheads? ...

The capital of not-for-profit-making organization is referred to as? ...

Trading account for the year ended 31st December 2009 ₦ ₦ Opening...

\(\begin{array}{c|c} Capital & Le\\ \hline Aye & 20,000\\ Bee & 30,000\\ Drawings & ...

Which of the following rules is applicable in the absence of a partnership agreement? Inte...

The document which advertises the sale of shares of a company is a/an ...

Which of the following is not an input device? ...