Given: Opening capital - #50,000 Closing capital - #64,000 Drawings - #16,000 Determine the net
FINANCIAL
JAMB 2013
Given: Opening capital - #50,000 Closing capital - #64,000 Drawings - #16,000 Determine the net profit
- A. #2,000
- B. #14,000
- C. #20,000
- D. #30,000
Correct Answer: D. #30,000
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