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Accounts (Principles of Accounts) · Final accounts of a sole trader

Accounts (Principles of Accounts)Final accounts of a sole traderWAEC

Capital at start ₦40,000, net profit ₦10,000, drawings ₦6,000. Closing capital is

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Answer: A. ₦44,000

40,000 + 10,000 − 6,000.

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