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
N24,358
N23,800
N22,900
N20,000
Correct answer is E
No explanation has been provided for this answer.
When goods are sent to the branch at cost plus mark-up, it means that the branch should sell at ...
Lighting..................N2925 Rent......................N2640 Salary....................N4050 ...
Use the information to answer the given question \(\begin{array}{c|c} Dr & & & & &a...
The purpose of profit and loss account is to ascertain ...
Investors in a business are mainly interested in firm's------- ...
Shares issued below nominal value are referred to as shares at ...
Use the following information to answer the given question \(\begin{array}{c|c} & N \\ \hli...
The balance on the provision for depreciation account is? ...
Goods withdraw from business for private use are credited to? ...