The proprietor made drawings of N755 per month for personal use. The profit for the period is?
Given:
………………..January………….December
Assets…………….N28,320………….N25,320
Creditors………….N5,620…………..N10,320
The proprietor made drawings of N755 per month for personal use.
The profit for the period is?
A N3000
B N1,360
C N9060
D N7700
Answer is B
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