Accounting JAMB

How much is the net profit or loss of the company?

The Akachala Limited has four departments W, X Y and Z. The profits or loss of the departments were N20 000 loss, X N25 profit, Y was N30 000 loss and Z N1800 profit. How much is the net profit or loss of the company?

A. N7 000 loss
B. N5 000 loss
C. N5 000 profit
D. N7 000 profit

Correct Answer:

Option A – N7 000 loss

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