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 current liability?

Similar Questions

Abu, a debtor to Dania, owed ₦10,500 at the start of the month. He paid cash of ₦40,005 during t...

Ordinary shareholders received dividend before? ...

The difference between factory cost of goods produced and its market value is ...

Use the following information to answer the given question \(\begin{array}{c|c} & N \\ \hli...

Use the following information to answer the given question. \(\begin{array}{c|c} & & N ...

Sales - #232,000 Opening stock - # 28,000 Purchases - #128,000 Carriage inwards - # 4,000 Carria...

A fund established for the payment of minor expenses is ...

Discount allowed N2,000; Bad debts 1,000 Cheque received from customers 24,000 Returns inwards 50...

Every economic unit, regardless of its legal form of existence, is treated as a separate entity from...

The standing order is a payment instruction given by a ...