Use the following information to answer the given question
Rufai, a vulcanize bought 4 machines for N20,200 and incurred the following expenses for the year ended 31st December, 1990.
| Glue | N2,100 |
| Thread | N600 |
| Kerosene | N900 |
| Rubber | N558 |
| Matched | N110 |
He received N5,772 from customers. Two machines were later sold for N6,990 and N5,670 respectively. What is his capital receipt?
A. N18,432
B. N12,660
C. N6,990
D. N5,772
E. N5,670
Correct Answer:
Option B – N12,660
Download Business Administration Project Topic PDF - Effects of Job Stress on Employee’s Performance in Evans Nigeria
Original price was: ₦600.00.₦300.00Current price is: ₦300.00.
Download Accountancy Project Topic PDF - Effect Of Cost Control On The Profit Of An Organization (A Case Study Viju Milk Industries Nigeria Limited)
Original price was: ₦600.00.₦400.00Current price is: ₦400.00.
Download Animal Production Journal Article PDF - Performance of Some Forage Rass Species in the Southern Guinea Savannah Agro-Ecological Zone in Nasarawa State of Nigeria
Original price was: ₦600.00.₦300.00Current price is: ₦300.00.
Download Conference Paper Article PDF - Video Summarization Based Handout Generation from Video Lectures: A Gesture Recognition Framework
Original price was: ₦600.00.₦300.00Current price is: ₦300.00.
Download Conference on Advanced Computer Theory Article PDF - Real-Time Mono Vision Gesture-Based Virtual Keyboard System
Original price was: ₦600.00.₦300.00Current price is: ₦300.00.
Copyright warnings! Do not copy.
