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. ₦74,000
300 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…
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…
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…