Accounting 9706 · AS & A Level · The accounting system

The accounting system — practice question

Finn gave the following figures: opening capital for the year $19\,800$, profit earned during the year $24\,000$, cash drawings $19\,500$, goods drawings for personal use $1\,100$, and a private vehicle moved into the business $6\,000$. What was Finn’s capital at the end of the year?

  • A$23\,200$
  • B$24\,300$
  • C$29\,200$
  • D$31\,400$

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