Given: Opening capital - #1,500 Capital introduced - # 500 Profit for the year -
FINANCIAL
JAMB 2013
Given: 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
Correct Answer: A. #2,550
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