Given: Capital at start.......................N3250 Capital at close ......................N6250 Additional capital during the period...N1000 Calculate the profit or loss?

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Given: Capital at start.......................N3250 Capital at close ...

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Accounts - Principles of Accounts Classroom
Jamb
Jamb 2002
The Final Accounts Of A Sole Trader
Statement Of Financial Position (Balance Sheet)
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Given:
Capital at start.......................N3250
Capital at close ......................N6250
Additional capital during the period...N1000
Calculate the profit or loss?

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A N8500 profit
B N2000 loss
C N2000 profit
D N8500 loss

Correct Answer: Option C

Explanation:

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Given: Capital at start.......................N3250 Capital at close ...

Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE

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