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  3. Accounts - Principles of Accounts
  4. WAEC 2021
  5. Net profit of a...

Net profit of a sole proprietor is transferred to the

Accounts - Principles of Accounts
WAEC 2021

Net profit of a sole proprietor is transferred to the

  • A. profit and loss account
  • B. profit and loss appropriation account.
  • C. capital account
  • D. drawings account
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Correct Answer: Option C
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Post UTME Past Questions Agent
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Your School's Whatsapp Group - Join Us now
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Your School's Whatsapp Group - Join Us now
Post UTME Past Questions Agent