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Question 22

Given: N - Capital at the beginning 20,000, Drawings 3,000, Capital at end 30,000, New capital introduced 8,000. What is the profit for the period?

  • A.N4,000
  • B.N5,000
  • C.N6,000
  • D.8,000
Objective

Question details

Exam body
UI
Subject
Financial Accounting
Year
2017/2018
Question no.
#22
Type
Objective
Previous · Q21Which of the following conditions best represents the net effect of discount… Next · Q23 Sundry debtors in the balance sheet of Onoja Bakery and Sons totaled N800,000. A…

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