Accounting 0452 · IGCSE · Sole traders

Sole traders — practice question

At 1 June 2021, Sue’s capital account showed a credit balance of \$120000. Over the year ending 31 May 2022, she took goods with a cost of \$1800. The loss for that year was \$14200. What credit balance did Sue’s capital account have at 1 June 2022?

  • A\$104000
  • B\$105800
  • C\$107600
  • D\$134200

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