Accounting 0452 · IGCSE · Sole traders

Sole traders — practice question

At the close of her financial year, Emma gave this information: fees receivable from clients $78000; rent receivable $11000; office expenses $20000; motor expenses $9000; drawings $2000. What was her profit for the year?

  • A$47000
  • B$49000
  • C$58000
  • D$60000

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