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 value of current liability?

Similar Questions

Segun Ojo didn’t keep her books on double principle. On 1st Jan, 2014, cash in hand was 850, b...

Which of the following is not a credit item in the sales ledger control account? ...

The following represent extracts from the trading account of a retail outlet for a given month: Ope...

The opening balance of debtors is N100,000 and that of provision for doubtful debts is N1,000. If pr...

Given:  Stock (1/4/94) N800 Purchases of flour N2450 Sales N4745 Wages of bakery staff N675...

A sales ledger contains ...

Which of the following is correct about cost of goods sold? ...

The Petroleum Technology Development Fund is under the ...

Use the following information to answer the given question \(\begin{array}{c|c} & DR & CR \\ & N...

Calculate the cost of goods sold. ...