Home / Aptitude Tests / Accounting / Given: N Drawings...

Given: N

Drawings 3,500
Net loss 2,500

Given: N

Drawings 3,500
Net loss 2,500
Capital 1.1,2007 35,000
Additional capital 10,000
The adjusted capital as at 31 : 12 : 2007 is

A.

N45,000

B.

N39, 000

C.

N35,000

D.

N46,000

View answer & explanation

Correct answer is B

Capital + Additional capital - Drawings - net loss

35,000 +10,000 - 2500 - 3500 = 39,000

 

See all Accounting questions & answers
See more JAMB questions & answers
Similar Questions

Which of the following item is found on the credit side of the sales ledger control account? ...

.....................Departments .....................   P        &nb...

Calculate the net profit? ...

A rent ₦12,000 was paid by Taiwo to his landlord by cheque. The double entry in Taiwo's books ...

What is the amount of capital employed? ...

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

An equipment costing N60,000 was bought on 1st January 1991. Depreciation was provided at 20 percent...

The objective of preparing departmental account is to determine the ...

The net profit from a trading account of a non-profit making organization would be treated as income...

Cash can be drawn from the bank using ...

Aptitude Tests

Data Interpretation Questions and Answers

Verbal Reasoning Questions and Answers

Spatial Reasoning Questions and Answers

Nigeria General Knowledge Questions and Answers

Quantitative Reasoning Questions and Answers

Puzzles Questions and Answers

Personality Test

Situational Judgement Questions and Answers

Typing Speed and Accuracy Test

Logical Reasoning Questions and Answers

Abstract Reasoning Questions and Answers

Numerical Reasoning Questions and Answers

Microsoft Office Questions and Answers

See all →