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

Preparation of financial statements — practice question

By 31 December 2021, the business had worked out a draft profit for the year of $\text{\$}57500$. It was then found that the following adjustments had to be made. What is the correct profit for the year?

  • A$\text{\$}55470$
  • B$\text{\$}56270$
  • C$\text{\$}58050$
  • D$\text{\$}58730$

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