Use of following information to answer questions below
| D | |
| Motor vehicle | 500000 |
| Stock | 35000 |
| Debtors | 18000 |
| Cash | 12850 |
| Bank overdraft | 280000 |
| Creditors | 21500 |
The total current liability is
D 301,500
D 258,500
D 264,350
D 280,000
Correct answer is A
Total current liability = 280,000 + 21,500
= 301,500
One of the items on the debit side of sales ledger control account is ...
The class of shares to which payment of dividend depends on profit is ...
What is the balance carried down? ...
Discount received is shown in the ...
Income received in advance is treated in the balance sheet as a ...
\(\begin{array}{c|c} & Ade(N) & Bola(N) \\ \hline Capital & 40,000 & 30,000 \\ \hlin...
In a partnership goodwill is recognized when ...
\(\begin{array}{c|c} & N \\ \hline \text{Opening stock of raw materials} & 8,000\\ \text{Pur...