Danladi Bako's Statement of Affairs as at 30/06/17
Danladi Bako's Statement of Affairs as at 30/06/17
₦ |
₦ |
||
Capital | ?? | Fixtures and fittings | 4,000 |
Stock | 20,500 | ||
Sundry debtors | 40,000 | ||
Creditors |
18,000 | Bank | ?? |
78,650 | 78,650 |
What is his bank balance as at 30/06/17?
₦14,150
₦18,500
₦15,300
₦65,150
Correct answer is A
Bank balance = 78,650 - ( 4000 + 20500 + 40000)
= 78650 - 64500
= ₦14,150
Which of the following is/are true? i. depreciation charges increase profits ii. reduc...
Stock or raw materials(1st January) 3000 Direct wages 2500 Direct expenses 1000 Factory overheads...
Miscellaneous expense is 10% of revenue Calculate the net income. ...
Capital: opening balance 307,000 closing balance 342,000 Net profit for the period 121,600 Openin...
The cost of goods returned by branch to head office is debited ...
Given: ........Jan. 2003.........Dec. 2003 Provision for bad debt........N1000 Debtors........
Subscriptions in arrears is treated in the balance sheet of a club as ...
Goods bought from Sanmah for Le1,600 was entered into Shamail's Account. This is an error o...