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

Preparation of financial statements — practice question

A statement of financial position dated 31 December 2015 gave the following figures: non-current assets $18000$ trade receivables $3000$ inventory $1800$ trade payables $3600$ bank $350$ credit capital (1 January 2015) $19100$ profit for the year $9200$ What amount were the owner’s drawings?

  • A$8250
  • B$8750
  • C$8950
  • D$9450

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