Accounts - Principles of Accounts
WAEC 2023
Use the following information to answer the question
|
Le |
Capital (01/01/2020)
|
1,934,600
|
Capital (31/12/2020) |
2,530,000
|
Expenses |
3 45,900 |
Drawings for 2020 |
72,500
|
Additional capital for 2020
|
250,000 |
The gross profit for the year is
-
A.
Le 763,800
-
B.
Le 595,400
-
C.
Le 417,900
-
D.
Le 167,900
Correct Answer: Option C
Explanation
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