Capital at start was N280,000, while at the end of the ye...
Capital at start was N280,000, while at the end of the year was N485,000 and drawings during he year was N15,000. What is profit for the year?
N265,000
N220,000
N205,000
N190,000
Correct answer is B
No explanation has been provided for this answer.
The excess of current assets over current liabilities is ...
Which of the following is prepared to ascertain the trader's capital under incomplete records? ...
The correct expression of accounting equation is ...
Use the following information to answer the question \(\begin{array}{c|c} \text{prepared} &...
The main classes of shares are ...
Which of the following is not used in solving problems of incomplete records? ...
Use the following information to answer the question given \(\begin{array}{c|c} \text{Jan. 1} &...
\(\begin{array}{c|c} & N \\ \hline \text{Opening stock of raw materials} & 8,000\\ \text{Pur...