Use the following information to answer the given question
$\begin{array}{c|c} & DR & CR \\ & N & N \\ \hline \text{Goodwill} & 10,000 & \\ \text{Plant and Machinery} & 32,000& \\ \text{Freehold premises} & 50,000& \\ stock & 15,000& \\ debtors & 12,500 & \\ \text{Cash in bank} & 7,500 & \\ \text{cash in hand} & 2,000 & \\ \text{Profit and loss account} & & 34,000 \\ \text{Accrued rent} & & 500 \\ \text{Sundry creditors} & & 9500 \\ Capital & \overline{129,000} & \overline{129,000}\end{array}$
The capital is

Similar Questions

Debtors on 1st January was N1,490 and sales for the year was N5,760. Cash received from debtors duri...

Use the following to answer the given question \( \begin{array}{c|c} \text{Purchases} & 2,0...

A balance of N102 on waged account was transferred as N120. This is error of ...

Department F transferred some goods to department G at a selling price. The goods were not sold at t...

\(\begin{array}{c|c} & N \\ \hline \text{Fixed assets} & 12,000 \\ \text{Current assets} &am...

Total sales of ticket.......................N300 000 Amount received from the sales..............N2...

A company's authorized share capital was one million ordinary shares at N1 each. Issued 80% of i...

The end result of governmental accounting procedure is to ...

The Act establishing the institute of Chartered Accountants of Nigeria (ICAN) came into force on? ...

The claim of a proprietor of a business entity on its assets is................ ...