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 N900

B N900 000

C N90 000

D N9 000

Answer is D

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