If Cash=$1000 inventories=$4000 Debtors=$5000 fixed assets=? Capital+Liabilities=$15000 What is the Amount of total assets?

Related Mcqs:

Cash purchases is recorded in which of the following specialized journals?

A. Purchase journal B. Sales journal C. Purchases return journal D. Cash payments journal...

What is equity?

A. Cash from the business B. liability of a business C. Owner’s claim on total assets D. Owner’s claim on total liabilities...

Capital of a business decreases if there is an increase in___________?

A. Drawings B. Income C. Gains D. Fresh capital...

Which of the following accounts will be debited if the business’s owner withdraws cash from business for his personal use?

A. Drawings B. Cash C. Business D. Stock...

Budgeted sales for the next year is 5,00,000 units. Desired ending finished goods inventory is 1,50,000 units and equivalent units in ending W-I-P inventory is 60,000 units. The opening finished goods inventory for the next year is 80,000 units, with 50,000 equivalent units in beginning W-I-P inventory How many equivalent units should be produced?

A. 5,80,000 B. 5,50,000 C. 5,00,000 D. 5,75,000...