Accounts - Principles of Accounts
JAMB 2002
Given:
Capital at start.......................N3250
Capital at close ......................N6250
Additional capital during the period...N1000
Calculate the profit or loss?
-
A.
N8500 profit
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B.
N2000 loss
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C.
N2000 profit
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D.
N8500 loss
Correct Answer: Option C
Explanation
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