Use the following information to answer the given question

\(\begin{array}{c|c} & N \\ \hline \text{10,000 ordinary shares of N1 each} & N10,000\\ \text{5,000 5% preference shares of N1 each} & N5,000 \\ \text{Profit and loss account} & N8,000 \\ \text{8% debenture} & 10,000 \\ creditors & 3,000 \\ \text{Bank overdraft} & 2,000 \\ \text{Plants and machinery} & 10,000 \\ \text{Plant and machinery} & 10,000 \\ \text{Furniture and fittings} & 8,000 \\ stock & 8,000 \\ debtors & 5,000 \end{array}\)
What is the total amount of fixed assets?

Similar Questions

Cost of goods sold is calculated as................... ...

Erroneous rearrangement of financial figures such as writing N624 as N264 is called ...

Payment for future services are ...

Capital ...................N2000 Bank ......................N1200 Purchase ..................N2500...

The two fundamental books of accounting are ...

The reduction in value of goodwill is ...

A motor car costing D100,000 was depreciated at 20% per annum by the diminishing balance method. Two...

The following accounting entries are made when bad debt is recovered ...

i) Cash at bank (ii) Cash in hand (iii) Premises (iv) Land (v)Creditors (vi)loan from friends/bank....

A debit balance of N420 on the purchases ledger control account means that the  ...