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 profit for the period is?

Similar Questions

A motor vehicle bought for N16,000 was estimated to have a useful life span of 4 years and a scrap o...

Issued capital.................100,000 Ordinary shares................40,000 Preference shares.......

A trader paid insurance premium of N45,000 for 15 months ended 31st March, 2000. He prepares account...

lubricating oil and spare parts of machines are example of? ...

If a GSM operator based in Lagos supplies recharge cards to its branch in Akure, the head office can...

If a trail balance is in agreement, one of the statement is untrue ...

In public sector accounting, salaries of employees are classified as  ...

The primary concern of shareholders in a business is the  ...

Given: General expenses account. Paid by cheque..................N671 Paid by cash..................

An ordinary share of N80 was issued at N96. The share was issued at? ...