Umana Ltd. issued 200,000 shares at N1 each out of its Authorized Share capital of N300,000 at N1 each. At the end of the first call, all shareholders paid in full, except for one shareholder who owes N10,000. The unissued capital of the company is

Similar Questions

Which of the following is used in locating errors in the ledger? ...

In single entry and incomplete records, the net assets method used to ascertain profit is ...

At the end of a financial period, the trading profit and loss account of a sole trader shows a profi...

Adex Ltd. issues stock to its retail branches at cost price. The following particulars relate to Ede...

Which accounting concept supports the assertion that economic reality takes precedence over legal is...

A partner who only make capital contribution but does not take part in the management of the pa...

\(\begin{array}{c|c} Capital & Le\\ \hline Aye & 20,000\\ Bee & 30,000\\ Drawings & ...

Marhumu and Yusuf are in partnership sharing profits and losses in the ratio of 2:1. On 31/3/2000, t...

In a partnership account, interest on drawings is ...

As evidence of payment to a government treasury, revenue collectors issue ...