O-LevelAccountingPreparation of financial statements7707/12 · Oct/Nov 2017 · Q171 Mark

Anita's business has two departments, X and Y. She provided the following information for department X. Expenses $28000 Profit for the year $9000 Total revenue for the year was $180000 of which one-third related to department X. What was the gross profit of department X?

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A$19000

B$32000

C$37000

D$51000

✓ Correct answer

C: $37000

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Topic: Preparation of financial statements, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, Oct/Nov 2017 Paper 1 Variant 2, question 17.

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Anita's business has two departments, X and Y. She provided the following information for department X. Expenses $28000 Profit for the year $9000 Total revenue for the year was $180000 of which one-third related to department X. What was the gross profit of department X?

✓ Correct answer

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