₦
Total current assets        2000
Total fixed assets           4000
Current liabilities            1200
Drawings                         200
Long term loan              2000

Calculate the capital of the business.

Similar Questions

Given: ....................January.............December Assets................N28,320................

Which of the following expenses relate to the profit and loss account of a manufacturing firm? &n...

The art of collecting, recording, presenting and interpreting accounting data is ...

Which of the following is not a purpose for which share premium may be utilized? ...

Subscription in advance is treated in the Balance sheet of non-profit making organizations as ...

When the invoice of a customer is overcast, the supplier will send to him a ...

A machine bought for N35,000 was estimated to have a life span of 5 years with a scrap value of N9,0...

In a single-entry accounting, purchases are ascertained using a ...

A machine bought for N7,000 was estimated to have a useful life of 4 years and a scrap value of N500...

Transfers from the head office to branches are best carried out at__________ ...