Drawings of N125 were made by the shareholders of the company. They company’s net current assets amount to?
Zazzau Company: Cash in hand…………….N50 Cash in bank…………….N1 250 Stock…………………..N4 880 Furniture……………….N9 60...
Drawings of N125 were made by the shareholders of the company. The capital of the company stands at?
Zazzau Company: Cash in hand…………….N50 Cash in bank…………….N1 250 Stock…………………..N4 880 Furniture……………….N9 60...
If the assets and liabilities of a firm were valued at N17200 and N5120 respectively; the capital of the firm would be?
A. N22 320 B. N17 200 C. N12 080 D. 5 120 Correct Answer: Option C – N12 080
Which of the following item is found on the credit side of the sales ledger control account?
A. Discount received B. Dishonoured cheques C. Credit sales D. Bills receivable Correct Answer: Option C – Credit sales
The balance of the purchases ledger control account is?
Given: purchases ledger balance…………..N4000 purchases for the period…………..N50000 Cash refunded by suppliers…………N290 Cheques paid to suppliers…………..N42300 Returns...Products
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