Question on: WAEC Accounting - 2008
Use the following information
\(\begin{array}{c|c} & ₦\ \hline\text{Opening capital} & 60,000\ \text{Drawings} & 4,000\ \text{Cost of sales} & 50,000\ \text{General expenses} & 7,000 \ \text{Mark-up} & \text{50%} \end{array}\)
Closing capital is
\(\begin{array}{c|c} & ₦\ \hline\text{Opening capital} & 60,000\ \text{Drawings} & 4,000\ \text{Cost of sales} & 50,000\ \text{General expenses} & 7,000 \ \text{Mark-up} & \text{50%} \end{array}\)
Closing capital is
A
₦81,000
B
₦78,000
C
₦74,000
D
₦64,000
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Correct Option: C
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