Use the following information to answer the question Le Capital (01/01/2020) 1,934,600 Capital (31/12/2020) 2,530,000
FINANCIAL
WAEC 2023
Use the following information to answer the question
| Le | |
Capital (01/01/2020) | 1,934,600 |
| Capital (31/12/2020) | 2,530,000 |
| Expenses | 3 45,900 |
| Drawings for 2020 | 72,500 |
Additional capital for 2020 | 250,000 |
The net profit for 2020 is
- A. Le 522,900
- B. Le 417,900
- C. Le 595,400
- D. Le 72,000
Correct Answer: B. Le 417,900
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