ACCOUNTING

JAMB 2016 - Question 18

Account 2016 JAMB Past Questions - Question 18: A proprietor started business with N13, 000. Assets and liabilities at the end of the year; fixed assets N8, 800. stock N2,600, debtors N1,000, cash N3, 000 and creditors N1, 000. Determine the profit for the year?

Choose the most appropriate option for the gap .
A proprietor started business with N13, 000. Assets and liabilities at the end of the year; fixed assets N8, 800. stock N2,600, debtors N1,000, cash N3, 000 and creditors N1, 000. Determine the profit for the year?
A:
B:
C:
D:
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Correct Answer

B

Explanation

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