Question on: JAMB Accounting - 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
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Correct Option: D
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