Accounts (Principles of Accounts)Incomplete recordsJAMB
Capital at start ₦50,000; capital at end ₦65,000; drawings ₦12,000; no new capital. Net profit is
Show answer
Answer: B. ₦27,000
65,000 − 50,000 + 12,000.
An AdmitMe practice question, written for the JAMB syllabus. Not an official past question.