Accounting 0452 · IGCSE · Incomplete records

Incomplete records — practice question

A trader does not keep a complete set of accounting records. How might he work out the profit for the year?

  • Aclosing capital - opening capital - drawings - capital introduced
  • Bclosing capital - opening capital + drawings - capital introduced
  • Cclosing capital - opening capital + drawings + capital introduced
  • Dclosing capital - opening capital - drawings + capital introduced

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