A-LevelAccountingAccounting for non-current assets9706/12 · Feb/Mar 2025 · Q41 Mark

A company's profit for the year is $20000. Capital income of $5000 has been treated as revenue income. Capital expenditure of $4000 has been treated as revenue expenditure. What is the correct profit for the year?

A$11000

B$19000

C$21000

D$29000

✓ Correct answer

B: $19000

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Topic: Accounting for non-current assets, A-Level Accounting (syllabus 9706). Multiple choice, 1 mark.
Source: A-Level Accounting, Feb/Mar 2025 Paper 1 Variant 2, question 4.

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