A proprietor started business with 13 000 Asset... - JAMB Accounting 2016 Question
A proprietor started business with #13,000. Assets and liabilities at the end of the year; fixed assets #8,800, stock #, 600, debtors #1,000, cash #3, 000 and creditors #1,000. Determine the profit for the year?
A
#2,400
B
#3,000
C
#9,800
D
#1,400
correct option: d
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