..............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

Share premium is an example of? ...

Use the following information to answer the given question \(\begin{array}{c|c} & \text{1/1/8...

Capital expenditure is the ...

Diamond Ringo business was started when Mr. Diamond brought in a cheque of N500,000, which was paid ...

Carriage outwards is charged to ...

Accumulated depreciation on the asset as at 31/12/81 was ...

An equipment costing N60,000 was bought on 1st January 1991. Depreciation was provided at 20 percent...

Sule and Ahmed are in partnership sharing profit and losses equally. If Khadija is admitted as a new...

The current growth in the volume of trading and financial dealings in Nigeria is helped by? ...

Which of the following items is found in the sales ledger control account? ...