ACCOUNT

JAMB 2022 - Question 23

Account 2022 JAMB Past Questions - Question 23: Use the information below to answer questions........................1/7/2005............30/6/2006Drawings.....................................N3 000Capital.................25 000...............N42 500Furniture...............6 500...............N10 200Additional capital during the year amounts to 300% of the drawings.What is the amount of the additional capital?

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:
B:
C:
D:
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Correct Answer

D

Explanation