Accounting JAMB

Zakari’s personal drawings amounted to?

Zakari started a business in January 2000. He bought a shop costing N54,000 and stock worth N7,600. Profit for the year amounted to 22,100. His closing capital was N73,800.

A. N2,300
B. N9,900
C. N17,100
D. N19,500

Correct Answer:

Option A – N2,300

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