Given: Capital at start…………………..N3250 Capital at close ………………….N6250 Additional capital during the period…N1000 Calculate the…

Accounts - Principles of Accounts JAMB 2002

Given:

Capital at start…………………..N3250

Capital at close ………………….N6250

Additional capital during the period…N1000

Calculate the profit or loss?

  • N8500 profit
  • N2000 loss
  • N2000 profit checkmark
  • N8500 loss

The correct answer is: C

Explanation

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