Free account: track your progress — Sign up free

WAEC Accounting 2023 Objective — Question 46

Question 46 of 50 from the West African Examinations Council (WAEC) Accounting 2023 Objective paper, with the correct answer and a full explanation.

The net profit for 2020 is

A. Le 595,400.
B. Le 522,900.
C. Le 417,900.Correct
D. Le 72,000.

Explanation

From the capital reconciliation, Net profit for the year = Le417,900.

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 2023 Objective More Accounting past papers