Accounting 0452 · IGCSE · Incomplete records

Incomplete records — practice question

Chan gave the information below for non-current assets, inventory, trade receivables, bank overdraft and trade payables at 1 October 2021 and 30 September 2022. What was Chan’s profit or loss for the year?

  • A$300 loss
  • B$300 profit
  • C$500 loss
  • D$500 profit

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