Purchasers - #44,880 Sales - #85,850 Trade creditors - #12,250 Trade debtors - #24,000 Accrued expenses - # 350 Prepaid expenses - # 700 Stock 1/1/2006 - #2...

Question 1 Report

Purchasers - #44,880

Sales - #85,850

Trade creditors - #12,250

Trade debtors - #24,000

Accrued expenses - # 350

Prepaid expenses - # 700

Stock 1/1/2006 - #25,120

Stock 31/12/2006 - #27,840Calculate the acid test ration

1:94:1

1:96:1

1:1:94

1:1:96

Everything you need to excel in JAMB, WAEC & NECO