Use the following information to answer the given questio...
Use the following information to answer the given question
\(\begin{array}{c|c} & N & & N \\ \hline \text{Ordinary Share Capital} & 140,000 & \text{Plant and Machinery} & 100,000 \\ \text{80% Preference share} & 63,000 & \text{Furniture} & 62,000 \\ \text{Retained earnings} & 40,000 & \text{Motor Van} & 75,000 \\ \text{10% Debentures} & 60,000 & Stock & 22,000 \\ Creditors & 10,000 & Debtors & 26,000 \\ \text{Accrued wages} & 12,000& Bank & 40,000 \\ & \overline{325,000} & & \overline{325,000}\end{array}\)
The debt to equity ratio is
1 : 4.05
1 : 4
1 : 3
1 : 2.3
Correct answer is C
No explanation has been provided for this answer.
If cheques of N40,000 were received but a cheque of N8,000 was dishonoured, the amount owed was ...
\(\begin{array}{c|c} \text{Branch stock account (at selling price)} & D346,000 - debit \\ \text{...
Which of the following are impersonal accounts ? I. Investment II. Creditors III. Premises IV. D...
Which of the following is the responsibility of a local government? ...
\(\begin{array}{c|c} & N\\ \hline \text{Motor Van} & 120,000\\ \text{Buildings} & 300,00...
A customers who returns goods to the supplier because they are detective is issued a ...
Which of the following is true in Public sector accounting? Cost of assets is ...
\(\begin{array}{c|c} & N \\ \hline \text{Opening stock of raw materials} & 8,000\\ \text{Pur...