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JAMB Accounting 2007 Objective — Question 31

Question 31 of 46 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2007 Objective paper, with the correct answer and a full explanation.

What is the amount of the additional capital?

A. #900
B. #900,000
C. #90,000
D. #9,000Correct

Explanation

Additional capital = 300% x drawings (3,000) = #9,000.

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