........................31/12/08...........31/12/09
...
........................31/12/08...........31/12/09
Furniture and fittings..N21,000,............N28,000
Office equipment........N9,800,.............N13,200
Debtors.................N6,800,.............N5,200
Creditors...............N4,900,.............N5,100
Cash at bank............N7,000,.............N4,600
Accrued electricity bills...................N1,200
Monthly drawings average N330.
Determine the net profit?
N5,000
N3,960
N1,040
N8,960
Correct answer is D
No explanation has been provided for this answer.
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........................1/7/2005............30/6/2006 Drawings......................................