BALANCE SHEET AS AT 31st DECEMBER, 2010 $\begin{array}{c|c} & ₦ & & ₦ \\ \hline \text{Capital}& 40,000 & \text{Freehold premises} & 50,000\\ \text{Less: Net loss} & \frac{5,000}{35,000} & \text{Stock} & 3,000\\ \text{Less: Drawings} & \frac{2,000}{33,000} & \text{Debtors} & 4,000\\ \text{Long term loan} & \frac{20,000}{53,000} & \text{Cash at bank} & 6,500\\ \text{Creditors} & 8,000\\ \text{Accrued expenses} & \frac{4,000}{65,000} & \text{Cash in hand} & 1,500\\ & & & \text{Total 65,000}\end{array}$

The amount of working capital is

Similar Questions

Use the following information to answer the given question \(\begin{array}{c|c} & N\\ \text...

What is the total income for the period? ...

The total of the purchases day book is posted to the purchases account in the ...

The subscribed share capital is ...

Cash stolen from branch-taking s is recorded in the Head Office books by debiting ...

Adamu Stores bought accessories from Mu'azu Beverages for N400 on credit. A trade discount of 10...

Nwoye buys stock and pays by cheque. The entries in the books of Nwoye is Debit ...

Jide and Haruna contribute N12000 each as capital and share profit equally. Jide draws N1500 and Har...

\(\begin{array}{c|c} & \text{N} \\ \hline \text{Balance as per cashbook} & 5 467 \\ \hline \...

The act of making necessary adjustment after comparing the actual cost with targeted cost is cost --...