Accounting 9706 · AS & A Level · Preparation of financial statements

Preparation of financial statements — practice question

A business shows a provisional profit for the year of $\$182750$. The adjustments below have not yet been taken into account. 1 a reduction of $\$2800$ in the provision for doubtful debts 2 rent of $\$3900$ paid by the tenant in advance at the year end What is the actual profit for the year?

  • A$\$176050$
  • B$\$181650$
  • C$\$183850$
  • D$\$189450$

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