Capital at start was #250,000, while capital at the end of the year was #400,000.
FINANCIAL
JAMB 2019
Capital at start was #250,000, while capital at the end of the year was #400,000. Drawings during the year amounted to #15,000. What is the profit?
- A. #165,000
- B. #635,000
- C. #600,000
- D. #156,000
Correct Answer: A. #165,000
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