Zazzau Company:
Cash in hand.................
Use the information below to answer questions
Zazzau Company:
Cash in hand................N50
Cash in bank................N1,250
Stock.......................N4,880
Furniture...................N960
Building....................N5,500
Debtor......................N1,750
Creditors...................N2,150
Drawings of N125 were made by the shareholders of the company.
The capital of the company stands at?
N12,240
N12,115
N2,510
N2,150
Correct answer is A
Capital means the assets and cash in a business. It may either be cash, machinery, receivable accounts, property, or houses.
50 + 4,880+ 1,750 + 1,250 + 960+ 5,500 = 14,390
14,390 - 2,150 = 12,240
Rent is apportioned each department on the basis of ...
Use the following information to answer the given question: \(\begin{array}{c|c} & N \\ \hl...
A business should not lay claim to any profit before it is earned. This is in accordance w...
When the going concern concept is no longer applicable, the fixed assets are recorded at their ...
Which of the following transactions is a revenue expenditure? ...