Edexcel IGCSEAccountingGeneral Applications1 Mark

A sole trader provided the following information. Gross profit $32 000 Expenses $11 000 Drawings $5 000 Sales $128 000 What was the net profit for the year? A $16 000 B $21 000 C $27 000 D $32 000

A$16 000

B$21 000

C$27 000

D$32 000

✓ Correct answer

B: $21 000

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Topic: General Applications, Edexcel IGCSE Accounting. Multiple choice, 1 mark.

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