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 value of working capital is

Similar Questions

\(\begin{array}{c|c} & & ₦ \\ \hline \text{capital accounts:} & Ojo & 40,000 \\ &a...

How much selling and distribution expenses is apportioned to department M? ...

Which of the following does not lead to depreciation assets? ...

The Asa branch of Emene company Ltd, made a sales of N549,000 from the goods sent from the head offi...

Purchase of goods for N1,000 from chukwu had been entered in Chukwura's account. This is an erro...

What does liquidity ratio measure? ...

Which of the following in a classified form contains a permanent record of all transactions? The ...

Mr Bassey purchased a motor vehicle for use in his business and debited the purchases account with t...

The necessary accounts to be opened on the issue of ordinary share capital are? ...

"The Accountant thinks the investment in the books are worthless". This is ...