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 revenue receipt?
A. N18,432
B. N12,660
C. N6,990
D. N5,772
E. N5,670
Correct Answer:
Option D – N5,772
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200 Level Estate Management and Valuation Department exam questions and detailed answers. Download the answers…
200 Level Estate Management and Valuation Department exam questions and detailed answers. Download the answers…