Accounting 0452 · IGCSE · Sole traders

Sole traders — practice question

A trader gave the data below. total purchases $25301 purchase returns $1945 carriage inwards $748 goods taken for own use $1425 What was the net amount for purchases in the income statement?

  • A$21931
  • B$22679
  • C$23356
  • D$24104

Worked solution & mark scheme

This 1-mark question has a full step-by-step worked solution and mark scheme.

  • Full mark scheme, point by point
  • Step-by-step worked solution
  • Write your answer & get it marked instantly by AI