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 capital receipt?

Similar Questions

\(\begin{array}{c|c} & \text{Dr GH¢} & \text{Cr GH¢} \\ \hline Advertising & 3...

Carriage outwards is accounting term for amount spent on ...

The cost of goods returned by branch to head office is debited ...

...................................................30/9/06.......30/9/07..... ........................

The concept that guides a firm to adopt a regular method of recording transactions in its books over...

Teteh and Kukuma are in partnership with capital balances of #300,000 and #200,000 respectively. The...

Use the following information to answer the given question \(\begin{array}{c|c} & N\\ \text...

Lankoh Company Ltd                      ...

Use the following information to answer the given question: \(\begin{array}{c|c} & N \\ \hl...

The document evidencing a disbursement of government fund is known as ...