Cash in hand-5000,Cash at bank-4000, Bill receivable-
3000,Bills payable-5000,Bank loan-6000.Calculate total
liability of the firm?
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Answer Posted / sini
11000
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ABC LTD IMPORTED GOODS FROM USA FOR $20000 ON 1/1/11 AT A EXCHANGE RATE OF RS.47.55. THEY MADE A PAYMENT OF $12000 ON 15/1/11 AT A RATE OF RS.45.95. BALANCE PAYMENT WAS MADE ON 25/1/11 AT A RATE OF RS.49.10
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