Use the information below to answer questions ........................1/7/2005............30/6/2006 Drawings.....................................N3 000 Capital.................25 000...............N42 500 Furniture...............6 500...............N10
FINANCIAL
JAMB 2007
Use the information below to answer questions
........................1/7/2005............30/6/2006
Drawings.....................................N3 000
Capital.................25 000...............N42 500
Furniture...............6 500...............N10 200
Additional capital during the year amounts to 300% of the drawings.
What is the amount of the additional capital?
- A. N900
- B. N900 000
- C. N90 000
- D. N9 000
Correct Answer: D. N9 000
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