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?

Similar Questions

Where there is a loss on disposal of a fixed asset, it means ...

Which of the following belongs to the normal ledger? ...

Given; Purchases = N20,000 Sales = N40,000 Carriage inwards = N5,000 Carriage outwards = N5,000 ...

The amount set aside out of profit for a specific purpose is ...

I. A retailer when fixing his selling price adds one-quarter to the cost of the article II. The exp...

Purchase invoice is first entered in the ...

An increase in government expenditure within a year is taken care of by means of ...

A payment of N150 to a credit ...

The accounting concept that allows the cost of kitchen cutlery to be expensed, though it can be used...

The amount paid by the new partner on admission as a compensation for the reputation built up by old...