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  5. The estimated profit...

The estimated profit or loss for a period is calculated by

Accounts - Principles of Accounts
JAMB 2013
The estimated profit or loss for a period is calculated by
  • A. closing capital less opening capital add drawings
  • B. opening capital less closing capital add drawings
  • C. opening capital less drawings add closing capital
  • D. opening capital add closing add drawings
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Correct Answer: Option A
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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