What is the closing capital?

Use the following information to answer this question.  ₦ Opening capital 60,000 Drawings 4,000 Cost of sales 50,000 General expenses 7,000 Mark-up 50% What is the closing capital? A. ₦81,000 B. ₦78,000 C. ₦74,000 D. ₦64,000 Correct Answer: Option C C....

What is the Net profit ________?

Use the following information to answer this question.  ₦ Opening capital 60,000 Drawings 4,000 Cost of sales 50,000 General expenses 7,000 Mark-up 50% What is the Net profit ________? A. ₦ 43,000 B. ₦25,000 C. ₦23,000 D. ₦18,000 Correct Answer: Option D D....

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