The price paid for the purchase of a business is?

The value of fixed assets is?

# Land and building 20,000 Stock 5,000 Cash in hand 1,000 Profit and loss b/f 14,000 Rent owing 400 Creditors 11,000 Furniture and fittings 7,500 Motor vehicle 12,000 Debtors 13,750 Bank overdraft 8,750 A. N57,300 B. N47,500 C. N40,000 D. N37,500 Correct Answer:...
The price paid for the purchase of a business is?

The opening capital is?

# Land and building 20,000 Stock 5,000 Cash in hand 1,000 Profit and loss b/f 14,000 Rent owing 400 Creditors 11,000 Furniture and fittings 7,500 Motor vehicle 12,000 Debtors 13,750 Bank overdraft 8,750 A. N32,000 B. N26,000 C. N25,600 D. N14,000 Correct Answer:...
The price paid for the purchase of a business is?

The value of current assets is?

# Land and building 20,000 Stock 5,000 Cash in hand 1,000 Profit and loss b/f 14,000 Rent owing 400 Creditors 11,000 Furniture and fittings 7,500 Motor vehicle 12,000 Debtors 13,750 Bank overdraft 8,750 A. N28,500 B. N20,150 C. N19,750 D. N17,000 Correct Answer:...

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