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
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