New capital introduced……………..N8 000 – What is the profit for the period?

Given:
Capital at the beginning……………N20 000
Drawings………………………….N3 000
Capital…………………………..N30 000
New capital introduced……………..N8 000

What is the profit for the period?

A N4 000

B N5 000

C N6 000

D N8 000

Answer is B

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