Given:

Capital at start…………………..N3250

Capital at close ………………….N6250

Additional capital during the period…N1000

A. N8500 profit
B. N2000 loss
C. N2000 profit
D. N8500 loss

Correct Answer:

Option C – N2000 profit

SEE ALSO  Which of the following errors will affect the totals of a trial balance?

Copyright warnings! Do not copy.