The closing capital is?

By: |Published on: Apr 23|Categories: Accounting WAEC| 0 comments

Use the following information to answer the question below

Opening capital —10,800
Drawings———– 2,500
Trade creditors —-2,560
Trade debtors ——2,880
Cash in hand ——-1,000
Net profit————- 6,000

 

A. 16,800
B. 14,300
C. 8,300
D. 7300

Correct Answer:

Option B = 14,300

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