by: Admin_LouisPosted on:

Calculate the liabilities of the local government

Given:

Assets and Liabilities of a Local Government
Bank balance #6,484,000
Cash # 900,000
General revenue balances #9,774,500
Accrued salaries #1,220,000
Investment in shares #1,480,000
Vehicles #7,620,000

Calculate the liabilities of the local government

A #10,994,500

B #17,394,500

C #18,774,500

D #18,874,500

Answer is A

Related posts:

  1. The corresponding entry of personal accounts found in the debit side of the cash is to
  2. Calculate the closing capital
  3. When goods produced are transferrd at cost plus mark-up sale, the difference between the cost and the transferred price is a
  4. The amount paid by a new partner on admission as a compensation for the reputation built up by old partners is a

Leave a Reply

MEET OVER 2000 NOUN STUDENTS HERE. 

Join us for latest NOUN UPDATES and Free TMA answers posted by students on our Telegram. 

OUR ONLINE TUTORIAL CLASS IS NOW ON!!! JOIN US NOW. 
JOIN NOW!
close-link
%d bloggers like this: