Learn
Practice
Download App
News
FAQs
Help
German (DE)
English (EN)
Spanish (ES)
French (FR)
Yoruba (NG)
Igbo (NG)
Hausa (NG)
Dutch (NL)
Portuguese (PT)
Swahili (TZ)
The estimated profit or loss for a period is calculated by
Question 1
Report
The estimated profit or loss for a period is calculated by
closing capital less opening capital add drawings
opening capital less closing capital add drawings
opening capital less drawings add closing capital
opening capital add closing add drawings
Answer Details
Read lesson note on The Accounting Equation And Double Entry Principle (WAEC)
The Accounting Equation And Double Entry Principle
View Answer