Accounting 0452 · IGCSE · Sole traders

Sole traders — practice question

The business’s capital is greater at the end of year 2 than it was at the end of year 1. No extra capital was added during year 2. What does this indicate?

  • AThe business has made a loss.
  • BThe business has made a profit.
  • CThe business has sold some non-current assets.
  • DThe business has taken a long-term loan.

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