Question 3

Which of the following is the equation for determining net profit or loss from the records of a firm?

  • A.Closing Capital - Drawings - Capital Introduced
  • B.Opening Capital + Drawings - Closing Capital
  • C.Closing Capital + Opening Capital - Drawings
  • D.Closing Capital + Drawings - Opening Capital
Objective

Question details

Exam body
WAEC
Subject
Accounts - principles of accounts
Year
2015
Question no.
#3
Type
Objective

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