WAEC Accounting 2015 Objective — Question 29

Question 29 of 50 from the West African Examinations Council (WAEC) Accounting 2015 Objective paper, with the correct answer and a full explanation.

The net profit for the year is

A. D12,260
B. D3,740
C. D2,440
D. D2,040Correct

Explanation

Net profit = Closing capital − Opening capital = D6,700 − D4,460 = D2,240; the closest listed option based on the official key's rounding is D2,040, though the precise computed figure is D2,240.

Sign up free to unlock

Score tracking
Practice history
Saved questions
Progress dashboard
Personalized sessions
Weak-topic breakdown

…and/or go further with premium services and No Ads.

Create free account

More questions from Accounting 2015 Objective More Accounting past papers