The estimated profit or loss for a period is calculated by?

By: |Published on: Dec 1|Categories: Accounting JAMB| 0 comments

A. closing capital less opening capital add drawings
B. opening capital less closing capital add drawings
C. opening capital less drawings add closing capital
D. opening capital add closing add drawings

Correct Answer:

Option A – closing capital less opening capital add drawings

Users Also Read These:

SEE ALSO  In a control account; discount received is found on the?

Copyright warnings! Do not copy.