Net loss.......................N2300 Capital........................N10500 Liabilities....................N7200 What will be the equity of the business?
N12,800
N4900
N8200
N9500
Correct answer is C
No explanation has been provided for this answer.
Net loss.......................N2300 Capital........................N10500 Liabilities....................N7200 Find the value of the total assets?
N17,700
N10,500
N20,000
N15,400
Correct answer is D
Given: Prepaid b/f.......................N10?000 Cash paid during the year.........N20,000 The amount to be charged to the profit and loss account is?
N30,000
N25,000
N5,000
Correct answer is B
The purchases ledger control account showed a credit balance of N525 000 on April 30, 2006. This amount shows?
What the debtor of a business enterprise owed the business
The total amount which each debtor owed the business
What a business enterprise owed its creditors
The amount which a business enterprise owed creditor
Debtors.................................N20 Provision for bad debts..................10% Provision for discount on debtors........5% The provision for bad debt is?
N2000
N800
N3000
N1900
Correct answer is A
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