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 receipt?

Similar Questions

Use the following information to answer the given question MANUFACTURING AND TRADING ACCOUNTS ...

A manufacturing account is drawn up by ...

The maximum amount a company can raise through the issue of shares is ...

State Bank collected a note for A-Makura Company. This collection, not yet recorded in AL-Makura'...

The price paid for the purchase of a business is ...

Subscription owing $6,000 (31/12/2014); Subscription in advance $4,000 (31/12/2014); Cash received...

The two column cash book records ...

Yola Social Club  Statement of Account 1998 financial year 31/12/98: Subscription in arrears...

Bank reconciliation statement is prepared to reconcile the differences between ...

Work-in-progress 1/1........................N1,000 Work-in-progress 31/12......................N2,0...