XYZ Enterprises bought ABC Enterprises by issuing 30,000 ...
XYZ Enterprises bought ABC Enterprises by issuing 30,000 ordinary shares of N1 each at a discount of 5%. The assets of ABC Enterprises are stock N18,000. Debtors N11,000. Capital reserve was
N1,500
N1,000
N500
N150
Correct answer is C
No explanation has been provided for this answer.
The document prepared by the buyer and sent to the seller listing the items to be supplied is ...
The following appears in the trading account except ...
A trial balance is a proof of accuracy of ...
Receipt and payments: 31st December 2016 Cash at bank------460 Ne...
\(\begin{array}{c|c} & ₦\\ \hline \text{Opening debtors} & 40,000\\ \text{Opening creditor...
The concept which states that revenue is recognized when goods are sold is ...
When shares issued are paid for, accounting entry required is ...