What is the amount of capital, given the following information? Buildings £30,000, Stock £5,600, Bank £750, Creditors £2,200, Loan from K Noone £7,000:

Given last year's capital as £57,500, this year's capital as £64,300 and drawings as £11,800, then the profit must have been:

Given last year's capital as £74,500, closing capital as £46,200, and drawings of £13,400, then:

A sole trader's assets and liabilities as 31 December were as follows: Premises £160,000, Furniture and Fittings £60,000, Computer Equipment £25,000, Stock £30,000, Debtors £21,000, Creditors £18,500, Accrued Expenses £500 and a Bank Balance of £23,800. What is his capital as 1 January?

Calculate a trader's drawings from the following information: Opening Capital £25,000, Closing Capital £28,750, Net Profit £16,250. His Drawings are:

A drama society received subscriptions totalling £1,560 during the year, of which £120 was received in advance. At the end of the year £180 was outstanding. Which amount for subscriptions should be transferred to the income and expenditure account?

In a commercial business, an 'accumulated fund' would be known as:

A receipts and payments account does not show:

A receipts and payment account is similar to:

A deficit is the same as:

In a manufacturing account prime cost is:

Which of the following is not a factory overhead?

Work in progress at the end of the financial year is:

Which of the following is classed as a distribution expense?

If prime cost is £32,000, overheads £48,000, work in progress at 1 January £8,000 and work in progress at 31 December £15,000, the cost of production for the year is:

In a partnership, to which of the following accounts would a partner's interest on capital be credited?

Partnerships...

If there is no partnership agreement, the Partnership Act 1890 requires that...

John and Matt are in a partnership having invested capital of £50,000 and £70,000 respectively. They share the profits in the ration of 3/5ths John and 2/5ths Matt. Their net profit for the current year was £85,000 out of which they both received 10% interest on capital and Matt received a salary of £25,000. How much profit did each partner receive for the year?

When financial statements of a limited company have been prepared and result in a profit this is:

A company's authorised share capital is:

In a limited company:

A limited company pays shareholders a dividend based on a percentage of:

Shareholders' funds in a limited company equals:

The acid test is calculated as follows:

The current ration measures

The rate of stock turnover in a period is:

A fall in the rate of the annual stock turnover implies:

The following information was extracted from the financial statements of a business at 31 December: Total current assets £180,000, Stock £60,000, Debtors £60,000, Creditors £44,000, Total current liabilities £80,000