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 Sunday | Jun 4 | Accounting WAEC | 0 comments A. N265,000 B. N220,000 C. N205,000 D. N190,000 Correct Answer: Option B B. N220,000 Users Also Read These:XYZ Ltd's total sales was #100,000. It had opening…Williams and Jacob are in partnership but there is…Williams and Jacob are in partnership but there is…If Mr. A earns N2.000 a year while Mr. B earns N8000…Interest on drawings is 5%, interest on capital is…