Commerce Past Questions and Answers

One of the disadvantages of Sole Proprietorship is__________

In the formation of a united liability company, the following documents are prepared except_______

The process of winding up or bringing a company to an end is________

Use the following information to answer this question.<br/><br/>The following is a summary of the asset and liabilities of Ojo trading company as at 31st December, 2018<br/><br/><table class='tbn'><tbody><tr><td> Initial Capital </td><td> 5000 </td></tr><tr><td> Net Profit </td><td> 1000 </td></tr><tr><td> Furniture </td><td> 2000 </td></tr><tr><td> Equipment </td><td> 2900 </td></tr><tr><td> Debtors </td><td> 100 </td></tr><tr><td> Stock </td><td> 1000 </td></tr><tr><td> Bank </td><td> 500 </td></tr></tbody></table> <br/><br/>From the above, calculate Current assets

The following is a summary of the asset and liabilities of Ojo trading company as at 31st December, 2018<br/><br/><table class='tbn'><tbody><tr><td> Initial Capital </td><td> 5000 </td></tr><tr><td> Net Profit </td><td> 1000 </td></tr><tr><td> Furniture </td><td> 2000 </td></tr><tr><td> Equipment </td><td> 2900 </td></tr><tr><td> Debtors </td><td> 100 </td></tr><tr><td> Stock </td><td> 1000 </td></tr><tr><td> Bank </td><td> 500 </td></tr></tbody></table> <br/><br/>From the above, calculate fixed assets