Use the following information to answer the given questio...
Use the following information to answer the given question
\(\begin{array}{c|c} & N \\ \hline \text{Furniture and Fittings} & 15,000 \\ \text{Land and building} & 40,000 \\ \text{Motor Vehicles} & 25,000 \\ Stock & 10,000 \\ Debtors & 27,000 \\ \text{Cash in hand} & 2,000 \\ \text{Bank overdraft} & 17,500 \\ \text{Profit and loss b/d} & 28,000 \\ \text{Rent owing} & 800 \\ \text{Sundry creditors} & 22,000\end{array}\)
The value of total fixed assets is
N119,500
N90,000
N80,000
N79,200
N68,300
Correct answer is C
No explanation has been provided for this answer.
An item of appropriation in partnership profit and loss account is ...
Mr. B sod goods worth N200 on credit to Mr. C. Mr. B should debit this to ...
Ant and Bee withdrew GH⊄ 14,000 and GH⊄ 10,000 respectively at 8% per annum from the partn...
In the head office ledger, the value of goods sent to the branch are____________ ...
Set-off is carried out in the control account when ...