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

Preparation of financial statements — practice question

During a certain period, the company’s bank transactions included the following items: Share issue proceeds: $30000 Sale of non-current assets: $5000 Dividend paid: $9000 Increase in bank loan: $6000 What was the net rise in the company’s bank balance because of these transactions?

  • A$28000
  • B$32000
  • C$38000
  • D$40000

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