Use the following information to answer the given questio...
Use the following information to answer the given question
NFurniture and Fittings15,000Land and building40,000Motor Vehicles25,000Stock10,000Debtors27,000Cash in hand2,000Bank overdraft17,500Profit and loss b/d28,000Rent owing800Sundry creditors22,000
The opening capital is
N52,2000
N51,200
N48,300
N39,500
Correct answer is B
No explanation has been provided for this answer.
Which of the these entries is wrong PURCHASES ACCOUNT \(\begin{array}{c|c} & N & &...
Which of the following is a norminal account? ...
A source document is used for verifying the? ...
Tei Ltd offered 1,560 units of magazines at N60 each. Trade discount is 10% and cash discount ...
When a shareholder fails to pay the calls requested from him, this situation leads to ...
In order to make the cash book balance equal to the bank statement, it is usually to add? ...