JAMB - Accounts Principles Of Accounts (2016 - No. 17)

A proprietor started business with #13,000. Assets and liabilities at the end of the year; fixed assets #8,800, stock #, 600, debtors #1,000, cash #3, 000 and creditors #1,000. Determine the profit for the year?
#2,400
#3,000
#9,800
#1,400

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