Given: ………………..January………….December Assets…………….N28,320………….N25,320 Creditors………….N5,620…………..N10,320 The proprietor made drawings of N755 per month for personal use….

Accounts - Principles of Accounts JAMB 2006

Given:
………………..January………….December
Assets…………….N28,320………….N25,320
Creditors………….N5,620…………..N10,320

The proprietor made drawings of N755 per month for personal use.

The profit for the period is?

  • N3000
  • N1,360 checkmark
  • N9060
  • N7700

The correct answer is: B

Explanation

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