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

Preparation of financial statements — practice question

At the close of the financial year, the following figures are given for a sole trader’s business. cost of sales $540000$ expenses $325000$ profit for the year $63000$ sales returns $30000$ What was the total sales amount for the year?

A$865000$
B$895000$
C$928000$
D$958000$

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