Question
Trail balance has following accounts; cash 50000,A/R 20000, prepaid rent 5000, equipment(net)25000, land 10000, A/P 15000, 2 years N/P 30000, retained earning 25000, share capital
Trail balance has following accounts; cash 50000,A/R 20000, prepaid rent 5000, equipment(net)25000, land 10000, A/P 15000, 2 years N/P 30000, retained earning 25000, share capital 40000, balances are?
a.
current assets 75000 and total assets 110000.
b.
current assets 70000 and total assets 110000.
c.
current assets 70000 and total assets 100000.
d.
current asset 50000 and total assets 110000.
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Trust Me Im Almost An Auditor
Authors: Lily Hazelwood
1st Edition
1791960405, 978-1791960407
