Use the following information to answer the given...
Use the following information to answer the given question
DRCRNNGoodwill10,000Plant and Machinery32,000Freehold premises50,000stock15,000debtors12,500Cash in bank7,500cash in hand2,000Profit and loss account34,000Accrued rent500Sundry creditors9500Capital¯129,000¯129,000
What is the value of current assets?
N37,000
N35,000
N27,500
N22,500
N22,000
Correct answer is A
No explanation has been provided for this answer.
Use the following information to answer the given question. \(\begin{array}{c|c} & & N ...
........................1/7/2005............30/6/2006 Drawings......................................
The directors' salaries paid are items of? ...
Discount allowed is a charge made against ...
Which of the following is an asset? ...
\(\begin{array}{c|c} & Ade(N) & Bola(N) \\ \hline Capital & 40,000 & 30,000 \\ \hlin...
Which of the following is a subsidiary book? ...
Use the following information to answer the given question \(\begin{array}{c|c} & N\\ \text...
Which of the following accounts for the highest revenue to Nigeria? ...