Given: Opening capital - #50,000 Closing capital - #64,000 Drawings - #16,000 Determine the net profit.
#2,000
#14,000
#20,000
#30,000
Correct answer is D
closing capital - opening capital + drawings
64,000 - 50,000 - 16,000 = 30,000
Spatial Reasoning Questions and Answers
Personality Test
Abstract Reasoning Questions and Answers
Numerical Reasoning Questions and Answers
Verbal Reasoning Questions and Answers
Logical Reasoning Questions and Answers
Nigeria General Knowledge Questions and Answers
Data Interpretation Questions and Answers
Microsoft Office Questions and Answers
Quantitative Reasoning Questions and Answers
Typing Speed and Accuracy Test
Puzzles Questions and Answers
Situational Judgement Questions and Answers
See all →