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XYZ Co. has current assets of OR 75000 and total assets of OR 210000. ABC has current liabilities of OR 45000 and total liabilities of
XYZ Co. has current assets of OR 75000 and total assets of OR 210000. ABC has current liabilities of OR 45000 and total liabilities of OR 110000. If during the year he had drawings OR 7500, retained earnings OR 34000 & Net Profit for the year OR 12500. What will be the amount of XYZ's Opening Capital? Select one: a. OR 100000 b. OR 39000 C. OR 61000 d. OR 70000
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Cima Official Exam Practice Kit Fundamentals Of Ethics Corporate Governance And Business Law Certificate In Business Accounting
Authors: Larry Mead
4th Edition
1856177092, 978-1856177092
