Accounting 0452 · IGCSE · Incomplete records

Incomplete records — practice question

A trader does not keep a complete set of accounting records. He supplied the following information for the year ended 31 December. Over the year, he took drawings of $\$3500$. What was his profit for the year?

  • A$\$6000$
  • B$\$7500$
  • C$\$13\,000$
  • D$\$14\,500$

Worked solution & mark scheme

This 1-mark question has a full step-by-step worked solution and mark scheme.

  • Full mark scheme, point by point
  • Step-by-step worked solution
  • Write your answer & get it marked instantly by AI