Given Capital at the beginning N20 000 Drawings... - JAMB Accounting 1997 Question
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?
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
correct option: b
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