- 1 Marks
FA – Nov 2012 – L1 – SA – Q10 – Financial Statements Preparation
Calculating the total asset value from opening balances.
Question
The following are opening balances in the ledger accounts of Doodle Limited:
Plant and equipment N80,000
Inventories N10,000
Trade receivables N18,000
Loan N20,000
Bank balance (credit) N15,000
What is the total asset value of the company?
A. N90,000
B. N108,000
C. N123,000
D. N128,000
E. N143,000
Find Related Questions by Tags, levels, etc.
- Tags: Assets, Financial Position, Total Value
- Level: Level 1
- Topic: Financial Statements Preparation
- Series: NOV 2012
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