Question 1 Report
₦₦Capital 8000Plant and machinery 5000Net profit 4000Motor van 4500Drawings 200Stock 2000Creditors 2000Debtor 1000Accruals 300Bank 100Cash 6001410014100 ₦ ₦ Capital 8000 Plant and machinery 5000 Net profit 4000 Motor van 4500 Drawings 200 Stock 2000 Creditors 2000 Debtor 1000 Accruals 300 Bank 100 Cash 600 14100 14100
What is the acid ratio?
Answer Details
Given: Opening stock50,000Purchases200,000Sales350,000Closing stock80,000 Opening stock 50 , 000 Purchases 200 , 000 Sales 350 , 000 Closing stock 80 , 000 W...
The term 4 net 7 on an invoice means that
Opening stock1800Purchases2800Sales800Closing stock800Carriage on sale500 Opening stock 1800 Purchases 2800 Sales 800 Closing stock 800 Carriage on sale 500 ...
Musa obtains wool from his sheep, spins and transform it into cloth which he sells to consumers, this is a form of
The principle of subrogation stated that
NameInsure amountActual valueActual lossMr A30,000100,00040,000Mr B40,000120,00050,000Mr C50,00015,00070,000 Name Insure amount Actual value Actual loss Mr A...
The difference between a private are public limited liability company is that the former
₦₦Capital 8000Plant and machinery5000Net profit 4000Motor Van 4500Drawings 200Stock 2000Creditors 2000Debtors 1000Accurals 300Banks 100Cash 6001410014100 ₦ ₦...
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