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
Explanation
Correct Option
cNo explanation available
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Emem84
11 months ago
capital 31/12/2020=capital 1/1/2020+additional capital+net profit- drawings
gross profit=net profit+ expenses
answer is 763800 A
