Use the following information to answer the given question

$\begin{array}{c|c} & N \\ \hline \text{10,000 ordinary shares of N1 each} & N10,000\\ \text{5,000 5% preference shares of N1 each} & N5,000 \\ \text{Profit and loss account} & N8,000 \\ \text{8% debenture} & 10,000 \\ creditors & 3,000 \\ \text{Bank overdraft} & 2,000 \\ \text{Plants and machinery} & 10,000 \\ \text{Plant and machinery} & 10,000 \\ \text{Furniture and fittings} & 8,000 \\ stock & 8,000 \\ debtors & 5,000 \end{array}$
What is the value of shareholder's equity?

Similar Questions

If the discount allowed is 2.5% of sales, calculate the closing balance in the sales ledger account ...

If Mr. Ajasin paid his creditors N5000 out of N20,000 owed, what would be the effect of this transac...

Depreciation on a particular piece of machinery was N2,700 during the fifth year of its service life...

Reccurrent expenditure of government is paid from ...

Purchases of fixtures and fittings by a club is recorded in the ...

Expenses incurred but not yet paid is ...

Using the following information to answer the given question \(\begin{array}{c|c} Post & Gr...

Accounts of fixed assets are kept in the ...

Hussaina Enterprises sent goods worth #800,000 at cost plus mark-up of 20% to its branch Determin...

What was the bank balance at the end of the month? ...