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Compute the net profit for the year

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Reference no: EM132618166

Question - If the Owner's Capital amounted to RM100,000, long term loans is RM50,000 and drawings is RM7,000 and the balance sheet total was RM200,000, compute the net profit for the year?

A. RM57,000

B. RM43,000

C. RM50,000

D. RM107,000

Reference no: EM132618166

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