Accounts (Principles of Accounts)Incomplete recordsWAEC
Capital at the start ₦100,000; at the end ₦130,000; drawings ₦20,000; additional capital ₦10,000. Net profit is
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Answer: B. ₦40,000
130 − 100 + 20 − 10 = 40 (thousand).
An AdmitMe practice question, written for the WAEC syllabus. Not an official past question.