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
GlueN2,100ThreadN600KeroseneN900RubberN558MatchedN110
He received N5,772 from customers. Two machines were later sold for N6,990 and N5,670 respectively. What is his capital receipt?
N18,432
N12,660
N6,990
N5,772
N5,670
Correct answer is B
No explanation has been provided for this answer.
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