(a) Explain the following types of capital (i)Authorized capital (ii) Liquid capital
(b) the following records were extracted from the books of Bandin and Bachur Partnership as at March 31st, 2020
|
Equipment |
I50,000 |
|
Cash at bank |
25.000 |
|
Creditors |
120.000 |
|
Debtors |
150 000 |
|
Stock as at 1/03/20 |
30.000 |
|
Motor van |
300,000 |
|
Fixtures and fittings |
40,000 |
|
Overdraft |
45.000 |
|
|
25,000 |
Calculate: (i) Fixed assets. (ii) Current liabilities: (iii) Current assets: (iv) Working capital (v) Average stock
A distinguishing characteristic of a limited liability company is that
Freight note is a document
Which of the following are the components of commerce?
I. trading and advertising
II. warehousing and transportation
III. packing and branding
IV. Insurance and banking
Extractive industries may also be denominated as
