\(\begin{array}{c|c} & N\\ \hline \text{Motor Van} &a...
Use the following information to answer the given question
\(\begin{array}{c|c} & N\\ \hline \text{Motor Van} & 120,000\\ \text{Buildings} & 300,000 \\ \text{Stock of goods} & 40,000\end{array}\)
In addition, he had cash ofN60,000 out of which N20,000 was borrowed from a friend. The liabilities of the business amount to
N80,000
N60,000
N40,000
N20,000
Correct answer is B
No explanation has been provided for this answer.
A partnership is formed by ...
The amount set aside out of profits to strengthen the financial position of the business is ...
The amount of a company's profit given to a shareholder is known as ...
The primary concern of shareholders in a business is the ...
Which of the following is a storage device? ...
The principle of double entry bookkeeping states that ...
When shares issued are paid for, accounting entry required is ...
A reason a business is not able to keep full set of accounting records is that ...