O-LevelAccountingPreparation of financial statements7707/13 · Oct/Nov 2023 · Q221 Mark

Emma provided the following information at the end of her financial year. [Table showing: fees receivable from clients $78000, rent receivable $11000, office expenses $20000, motor expenses $9000, drawings $2000] What was her profit for the year?

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A$47000

B$49000

C$58000

D$60000

✓ Correct answer

D: $60000

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Topic: Preparation of financial statements, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, Oct/Nov 2023 Paper 1 Variant 3, question 22.

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Emma provided the following information at the end of her financial year. [Table showing: fees receivable from clients $78000, rent receivable $11000, office expenses $20000, motor expenses $9000, drawings $2000] What was her profit for the year?

✓ Correct answer

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