Accounting 0452 · IGCSE · Incomplete records

Incomplete records — practice question

Anya had not maintained a complete set of double entry records, but the information below was given. On $1$ February $2022$: capital $10\,000$. On $31$ January $2023$: bank overdraft $1500$, equipment $20\,000$, inventory $2000$, trade receivables $15\,000$, trade payables $10\,500$. Anya’s drawings for the year ended $31$ January $2023$ amounted to $8500$. What profit did she make for the year ended $31$ January $2023$?

  • A$23\,500$
  • B$25\,000$
  • C$26\,500$
  • D$29\,500$

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