Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
NECO June/July 2024 - Get offline past questions & answers - Download objective & theory, all in one app 48789
  1. Home
  2. Classroom
  3. Accounts - Principles of Accounts
  4. WAEC 2023
  5. Use the following in...

Use the following information to answer the question      Le  Capital (01/01/2020)  1,934,600  Capital...

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

  346,900
 Drawings for 2020  72,500
 Additional capital for 2020  250,000


The net profit for 2020 is

  • A. Le 522,900
  • B. Le 417,900
  • C. Le 595,400
  • D. Le 72,000
Join your school's WhatsApp group
NECO June/July 2024 - Get offline past questions & answers - Download objective & theory, all in one app 48789
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
Correct Answer: Option B
Explanation
No official explanation is available for this question at this time. Please check contributions posted by others below. If you can provide an explanation to help other student learn, please click here
Previous Next
Go back to Acc classroom

Report an Error Ask A Question Download App
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
NECO June/July 2024 - Get offline past questions & answers - Download objective & theory, all in one app 48789
Join your school's WhatsApp group
{{ text }}

Contributions ({{ comment_count }})

Please wait...

{{ settings.no_comment_msg ? settings.no_comment_msg : 'There are no comments' }}

Quick Questions

Post your Contribution

Please don't post or ask to join a "Group" or "Whatsapp Group" as a comment. It will be deleted. To join or start a group, please click here

{{ quote.posted_by.display_name }}
{{ settings.form_textarea_description }}
 
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
NECO June/July 2024 - Get offline past questions & answers - Download objective & theory, all in one app 48789
Join your school's WhatsApp group
NECO June/July 2024 - Get offline past questions & answers - Download objective & theory, all in one app 48789
Join your school's WhatsApp group
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts