ACCOUNT
JAMB 2022 - Question 22
Account 2022 JAMB Past Questions - Question 22: Use the information below to answer questions........................1/7/2005............30/6/2006Drawings.....................................N3 000Capital.................25 000...............N42 500Furniture...............6 500...............N10 200Additional capital during the year amounts to 300% of the drawings.Calculate the net profit or loss made during the year.
........................1/7/2005............30/6/2006
Drawings.....................................N3 000
Capital.................25 000...............N42 500
Furniture...............6 500...............N10 200
Additional capital during the year amounts to 300% of the drawings.
Calculate the net profit or loss made during the year.
A:
B:
C:
D:
Correct Answer
D
Explanation
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