Given: Capital at start.......................N3250 Capital at close ......................N6250 Additional capital during the period...N1000 Calculate the profit or loss?

Given:

Capital at start.......................N3250

Capital at close ......................N6250

Additional capital during the period...N1000

Calculate the profit or loss?

A N8500 profit
B N2000 loss
C N2000 profit
D N8500 loss

jamb 2002 accounting

The correct answer is C. N2000 profit

No explanation given

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