Given:
....................January.............December
Assets................N28,320.............N25,320
Creditors.............N5,620..............N10,320
The proprietor made drawings of N755 per month for personal use....
The proprietor made drawings of N755 per month for personal use.
The profit for the period is?
A.
N3000
B.
N1,360
C.
N9060
D.
N7700
Correct Answer: Option B
Explanation
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