Question on: JAMB Accounting - 1997
Given:
Capital at the beginning...............N20 000
Drawings...............................N3 000
Capital................................N30 000
New capital introduced.................N8 000
What is the profit for the period?
A
N4 000
B
N5 000
C
N6 000
D
N8 000
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Correct Option: B
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