Use of following information to answer questions below
| D | |
| Motor vehicle | 500000 |
| Stock | 35000 |
| Debtors | 18000 |
| Cash | 12850 |
| Bank overdraft | 280000 |
| Creditors | 21500 |
The total current liability is
One of the items on the credit column of a trial balance is
The user of accounting information who is responsible for overall performance of the business is the
Use the following information to answer questions below
A trader bought goods worth #16,000 and sold three-quarter of it for #20,000
The gross profit is
Use the following information to answer questions below
A trader bought goods worth #16,000 and sold three-quarter of it for #20,000
The margin would be
