In a period of inflation, which of the following method normally gives a closing closing stock?

The main purpose of control account is to?

Which of the following is a credit item in creditors ledger control account?

Discount allowed as represented in the control account appears on the?

Use the information below to answer question .

.........................31 Dec. 05........31 Dec. 06

Total fixed assets.........N7 800............N6 600
Total current assets.......N12 100............N17800
Total current liabilities..N4 700............N3 800

Drawings for 2006 is N5 200.
Determine the capital balance as at Dec. 31,2005?