Use the following information to answer the given questio...
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
\(\begin{array}{c|c} Glue & N2,100 \\ Thread & N600 \\ Kerosene & N900 \\ Rubber & N558 \\ Matched & N110\end{array}\)
He received N5,772 from customers. Two machines were later sold for N6,990 and N5,670 respectively. What is his revenue expenditure?
N24,468
N20,200
N4,268
N3,600
N2,810
Correct answer is C
No explanation has been provided for this answer.
Which of the following entries is made damaged goods are returned to the supplier? ...
The debenture issued at par above the nominal value is said to be issued at a ...
\(\begin{array}{c|c} & ₦ \\ \hline \text{Opening stock} & 1,800\\ \text{Closing stock} &am...
Opening stock---------2,300 Purchases-------------11,874 Sales--------------------18,600 Closing ...
Outstanding rent of N300 is paid by the proprietor. The effect on the balance sheet is that ...