Given: ....................January.............December Assets................N28,320.............N25,320 Creditors.............N5,620..............N10,320 The proprietor made drawings of N755 per month for personal use....
FINANCIAL
JAMB 2006
Given:
....................January.............December
Assets................N28,320.............N25,320
Creditors.............N5,620..............N10,320
The proprietor made drawings of N755 per month for personal use.
The profit for the period is?
- A. N3000
- B. N1,360
- C. N9060
- D. N7700
Correct Answer: B. N1,360
Post an Explanation Or Report an Error
If you see any wrong question or answer, please leave a comment below and we'll take a look. If you doubt why the selected answer is correct or need additional more details? Please drop a comment or Contact us directly. Your email address will not be published. Required fields are marked *