Accounting 9706 · AS & A Level · The accounting system

The accounting system — practice question

The business does not maintain full accounting records. The information below is available for the year. Capital at start: $52\,000$ Capital at end: $55\,000$ Drawings: $13\,000$ Capital introduced: $25\,000$ What is the profit or loss for the year?

  • Aloss $9\,000$
  • Bprofit $9\,000$
  • Closs $15\,000$
  • Dprofit $15\,000$

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