Question on: JAMB Accounting - 2016

A proprietor started business with #13,000. Assets and liabilities at the end of the year; fixed assets #8,800, stock #, 600, debtors #1,000, cash #3, 000 and creditors #1,000. Determine the profit for the year?

A
#2,400
B
#3,000
C
#9,800
D
#1,400
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Correct Option: D

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