Accounting 0452 · IGCSE · Incomplete records

Incomplete records — practice question

A trader does not keep a complete set of accounting records. How can 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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