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Principles of Accounts Cxc Past Papers and Answers  Form

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good day guys it's me B from B's tutor professionals and today I'm just sharing with you all a live I did on Tik Tok covering POA JN 2024 paper 1 so hope it helps you all in your preparation for exams all the best all right so what I would recommend you'll do get book head up January 2024 POA paper one and youall can take note to the answers one time to the first one number one a Trader had an opening capital of 3900 his drawings were 900 and his closing Capital was 14 was 4,860 what is his net profit this is a question that repeats kind of often right so the formula is opening Capital add net profit minus joins gives you closing Capital so opening Capital which is 3900 add net profit which we don't know minus drawings which is 900 will give you a closing capital of 4860 and they want us to calculate net profit all right so opening Capital plus net profit which we don't know minus drawings will give us 4860 so the first thing we do we add

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