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Use the information below to answer the question:If at 31/1/95 the following infor...


Question

Use the information below to answer the question:

Liabilities                     ₦Assets                                   ₦
Capital                        40,000         Furnishing                               10,000
 Ceiling Fan                               1,500
 Cash in Hand                         28,500
                                    40,000                                               40,000

If at 31/1/95 the following information was ascertained

(i) rent for shop ₦12,000 paid for the year

(ii) Total purchases ₦15,000

(iii) Total sales ₦8,200

(iv) Stock of goods left ₦10,000

(v) paid sales boy ₦500

Options

A) ₦40,000

B) ₦41,500

C) ₦41,700

D) ₦48,500

The correct answer is C.


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Dicussion (1)

  • Bashir A. R.

    This question does not ask anything. How are we to determine the answer?

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