Accounting 9706 · AS & A Level · The accounting system

The accounting system — practice question

Abdul and Omar are partners. The details below have been taken from their current accounts. balances on 1 January 2015: Abdul $2000$ debit, Omar $3000$ credit drawings during the year: Abdul $15000$, Omar $18000$ balances on 1 January 2016: Abdul $1000$ credit, Omar $4000$ debit What was the overall profit for the year ending 31 December 2015?

  • A$29000
  • B$33000
  • C$37000
  • D$39000

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