Given: Capital at the beginning……………N20 000 Drawings………………………….N3 000 Capital…………………………..N30 000 New capital introduced……………..N8 000 What…

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Accounts - Principles of Accounts JAMB 1997

Given:
Capital at the beginning……………N20 000
Drawings………………………….N3 000
Capital…………………………..N30 000
New capital introduced……………..N8 000

What is the profit for the period?

  • N4 000
  • N5 000 checkmark
  • N6 000
  • N8 000

The correct answer is: B

Explanation

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