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...

Assessment: WAEC SSCE - Financial Accounting - 1992 (Objective) Subject: Financial Accounting

Question 1 Report

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 receipt?

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