Capital at start was N280,000, while at the end of the year was N485,000 and drawings during the year was N15,000. What is profit for the year?

By: |Published on: Jun 4|Categories: Accounting WAEC| 0 comments

A. N265,000
B. N220,000
C. N205,000
D. N190,000

Correct Answer: Option B

B. N220,000

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