Use the following information to answer the question Le Capital (01/01/2020) 1,934,600 Capital (31/12/2020) 2,530,000 Expenses 346,900 Drawings for 2020 72,...

Assessment: WAEC SSCE - Financial Accounting - 2023 (Objective) Subject: Financial Accounting

Question 1 Report

Use the following information to answer the question
 

   Le

 Capital (01/01/2020)

 1,934,600
 Capital (31/12/2020)  2,530,000

 Expenses

 346,900
 Drawings for 2020  72,500
 Additional capital for 2020  250,000


The net profit for 2020 is

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