Accounting 0452 · IGCSE · Sole traders

Sole traders — practice question

Which items are recorded in the income statement for an accountancy business?

  • Agross profit ✓, profit for the year ✓, surplus ✗
  • Bgross profit ✓, profit for the year ✗, surplus ✓
  • Cgross profit ✗, profit for the year ✓, surplus ✗
  • Dgross profit ✗, profit for the year ✗, surplus ✓

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