A-LevelAccountingPreparation of financial statements9706/12 · Oct/Nov 2025 · Q151 Mark

What will have the effect of increasing the profits when entered in the statement of profit or loss for a sole trader?

Acarriage inwards

Bdiscounts allowed

Cgoods taken for own use

Dsales returns

✓ Correct answer

C: goods taken for own use

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Topic: Preparation of financial statements, A-Level Accounting (syllabus 9706). Multiple choice, 1 mark.
Source: A-Level Accounting, Oct/Nov 2025 Paper 1 Variant 2, question 15.

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