Given: ………………..January………….December Assets…………….N28,320………….N25,320 Creditors………….N5,620…………..N10,320 The proprietor made drawings of N755 per month for personal use….

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
Correct Answer: Option B
Explanation
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