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WAEC Accounting 2023 Objective — Question 9

Question 9 of 50 from the West African Examinations Council (WAEC) Accounting 2023 Objective paper, with the correct answer and a full explanation.

The net profit is

A. D 21,760.
B. D 21,020.Correct
C. D 21,020.
D. D 18,260.

Explanation

Net profit = Gross profit (48,620) - Salaries (27,600) = D21,020.

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