Use the following information to answer the given question
\(\begin{array}{c|c} & DR & CR \\ & N & N \\ \hline \text{Goodwill} & 10,000 & \\ \text{Plant and Machinery} & 32,000& \\ \text{Freehold premises} & 50,000& \\ stock & 15,000& \\ debtors & 12,500 & \\ \text{Cash in bank} & 7,500 & \\ \text{cash in hand} & 2,000 & \\ \text{Profit and loss account} & & 34,000 \\ \text{Accrued rent} & & 500 \\ \text{Sundry creditors} & & 9500 \\ Capital & \overline{129,000} & \overline{129,000}\end{array}\)
What is the value of current assets?

Similar Questions

Cash purchase - D 29,641 Creditors 1/1/14 - D 2,473 Creditors 31/12/14 - D 3,117 Cash paid to cre...

The Chief accounting officer of the federation is ...

The branch current account records ...

Chukwu's Capital at 1/1/89 and 31/12/89 were N30,000 and N50,000 respectively. During the year h...

Which of the following is the effect of a reduction in the provision for doubtful debts? ...

The end result of governmental accounting procedure is to ...

Sai Baba made sales of N10,000 having computed his gross profit % to sales to be 20. His opening sto...

Given: From the above information, the gross profit from department X is ...

Opening creditors was N65,000, closing creditors was N41,000. Credit purchases was N200,000 and disc...

Which of the following is not contained in the sales ledger control account? ...