..............ZEBRA PLC..............
.............Balance sheet as at 31st March, 2002
...............N...............N............N......
Capital......100,000...Fixed assets:
Current................Land &..................
Liabilities...........buildings..50,000......
Creditors........30000..Furniture..10,000....60,000
.......................Current..................
.......................Assets: .......
..................Stock .........30,000...........
..................Debtors.......30,000.............
..................Cash..........10,000......70,000..
.............130,000.........................130,000
The business was acquired on 1st April, 2002 at a purchase consideration of N120,000 by SOZ. All assets and liabilities were taken over except the cash to open the new firm's bank account additional N20,000 was paid into the bank.

Calculate the network of the business

Similar Questions

Which of the following is treated under partnership appropriation account? ...

When goodwill is not retained in the business, the entries in the new partners books will be to debi...

To show the evidence of payment to a government ministry, the revenue collector issues a ...

The reason for treating carriage inwards in the trading account is because ...

Use the following information to answer the given question: SALES LEDGER CONTROL ACCOUNT \(\be...

Bills receivable is a ...

The main advantage of a departmental account is that its ...

A company's authorized share capital was one million ordinary shares at N1 each. Issued 80% of i...

In a departmental accounting system, which of the following expenses will most likely be apportioned...

Use the following information to answer the question \(\begin{array}{c|c} & Ade & Bola\\ &a...