Question 35

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?

  • A.N24,468
  • B.N20,200
  • C.N4,268
  • D.N3,600
  • E.N2,810
Objective

Question details

Exam body
WAEC
Subject
Accounts - principles of accounts
Year
1992
Question no.
#35
Type
Objective

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