What is the amount of additional capital?

Use the information below to answer questions

……………………1/7/2005…………30/6/2006

Drawings……………………………….N3 000
Capital……………..25 000……………N42 500
Furniture……………6 500……………N10 200

Additional capital during the year amounts to 300% of the drawings.

A. N900
B. N900 000
C. N90 000
D. N9 000

Correct Answer:

Option D – N9 000