Accounting 0452 · IGCSE · Sole traders

Sole traders — practice question

At the end of the year, a service business gave the following information. non-current assets $16\,000$ trade receivables $150$ capital $14\,100$ trade payables $800$ What was the balance at the bank?

  • A$1250$ credit
  • B$1250$ debit
  • C$2850$ credit
  • D$2850$ debit

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