Question on: WAEC Accounting - 1992
Chukwu's Capital at 1/1/89 and 31/12/89 were N30,000 and N50,000 respectively. During the year he introduced additional capital of N10,500 and withdrew N5,300 for private use. What is his profit for 1989?
A
N30,500
B
N25,300
C
N20,000
D
N15,800
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Correct Option: E
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