Capital at start was N280,000, while at the end of the year was N485,000 and…

Accounts - Principles of Accounts WAEC 2004

Capital at start was N280,000, while at the end of the year was N485,000 and drawings during he year was N15,000. What is profit for the year?

  • N265,000
  • N220,000 checkmark
  • N205,000
  • N190,000

The correct answer is: B

Explanation

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