UCHENNA ENTERPRISES: Balance sheet as at 31st December, 1...
UCHENNA ENTERPRISES: Balance sheet as at 31st December, 1993 NNNCapital84,000Land and building45,000Add net profit15,00099,000Furniture and Fittings34,000Less drawings9,000Stock28,000¯90,000debtors22,000debtorsCreditors25,000cash1,000Accruals15,000¯130,000¯130,000
Current assets amount to
N51,000
N50,000
N23,000
N22,000
N11,000
Correct answer is A
No explanation has been provided for this answer.
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N Bank account 59,410 Capital account 50,000 Purchase account 20,000 Rent 2,500 Stationery 90 ...