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. Zakari's personal drawings amounted to?

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Zakari started a business in January 2000. He bought a shop costing N54,000 and stock ...

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Accounts - Principles of Accounts Classroom
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Jamb 2004
The Final Accounts Of A Sole Trader
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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.
Zakari's personal drawings amounted to?

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

Correct Answer: Option A

Explanation:

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Zakari started a business in January 2000. He bought a shop costing N54,000 and stock ...

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

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