Question on: JAMB Accounting - 2013
Given:
Opening capital - #1,500
Capital introduced - # 500
Profit for the year - # 800
Cash drawings - # 250
Calculate the closing capital
Opening capital - #1,500
Capital introduced - # 500
Profit for the year - # 800
Cash drawings - # 250
Calculate the closing capital
A
#2,550
B
#2,500
C
#2,350
D
#2,250
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Correct Option: A
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