Use the following information to answer the given questio...
Use the following information to answer the given question
N10,000 ordinary shares of N1 eachN10,0005,000 5% preference shares of N1 eachN5,000Profit and loss accountN8,0008% debenture10,000creditors3,000Bank overdraft2,000Plants and machinery10,000Plant and machinery10,000Furniture and fittings8,000stock8,000debtors5,000
What is the total of current assets?
N15,000
N13,000
N11,000
N8,000
N5,000
Correct answer is B
No explanation has been provided for this answer.
What is the ledger entry for sale of generator on credit to Patrick? ...
The document which is legal charter of a company that defines the limits of a company's field of...
Calculate the closing stock under FIFO method ...
Industry ltd, issued 100,000 shares at ₦1 each out of its Authorized share capital of ₦200,000 a...
The quality of output information depends on the ...
\(\begin{array}{c|c} & N \\ \hline \text{Opening stock:} & \\ \text{- raw materials} & 6...
Bello withdraws cash from bank to office, this is called ---------- entry ...
\(\begin{array}{c|c} \text{Branch stock account (at selling price)} & D346,000 - debit \\ \text{...