Amina Enterprises Balance Sheet as at 30/3/..

Question 1 Report

Amina Enterprises Balance Sheet as at 30/3/99
Liabilities	₦	Assets	₦
Share capital	400,000	Land	200,000
Reserve fund	200,000	Buildings	150,000
Creditors	110,000	Machinery	200,000
Bills payable	50,000	Implements	20,000
Undistributed profits	45,000	Office fittings	5,000
Wages due	5,000	Raw materials	100,000
		Finished goods	50,000
		Debtors	20,000
		Bills receivable	15,000
		Cash at bank	45,000
		Cash at hand	5,000

Use the information below to answer question

What is the total fixed capital?

N 570,000

N 575,000

N 675,000

Amina Enterprises Balance Sheet as at 30/3/99 Liabilities ₦ Assets ₦ Share capital 400,000 Land 200,000 Reserve fund 200,000 Buildings 150,000 Creditors 110...