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

Preparation of financial statements — practice question

X and Y operate as partners. The information below is given at the close of the year. What is the profit for the year before appropriation?

  • A$\$80\,000$
  • B$\$82\,000$
  • C$\$84\,000$
  • D$\$84\,700$

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