The claim of a proprietor of a business entity on its ass...
The claim of a proprietor of a business entity on its assets is................
Liabilities
Capital
Drawings
Funds
Correct answer is C
Drawings is the money withdrawn from a business by its owners for personal use. A drawing account is used primarily for businesses that are taxed as sole proprietorships or partnerships.
Use the following information to answer the given question \(\begin{array}{c|c} & N \\ \hli...
Use the information to answer the given question \(\begin{array}{c|c} Dr & & & &...
Danladi Bako's Statement of Affairs as at 30/06/17 ₦ &...
Debtors and credit sales for a period are D 120,00 and D 600,00 respectively. The debtor's payme...
The amount for which a business is sold is ...
Share of ₦3 nominal value were issued at a price ₦4. The difference of ₦1 is a ...