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O-LevelAccountingThe fundamentals of accounting7707/11 · Oct/Nov 2018 · Q221 Mark

Tariq provided the following information. 31 August 2017 $ 31 August 2018 $ non-current assets 60000 70000 current assets 20000 25000 current liabilities 15000 19000 Tariq's drawings for the year ended 31 August 2018 were $5000. What was the profit for the year ended 31 August 2018?

A$6000
B$11000
C$14000
D$16000

✓ Correct answer

A: $6000

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About this question

Topic
The fundamentals of accounting, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source
O-Level Accounting, Oct/Nov 2018 Paper 1 Variant 1, question 22.

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