A-LevelAccountingPreparation of financial statements9706/12 · Feb/Mar 2025 · Q141 Mark
The following financial information is available. opening inventory: $800 closing inventory: $1010 purchases: $9260 carriage inwards: $130 revenue: $18000 discount received: $700 other expenses: $3880 What are the values of gross profit and profit for the year?
Agross profit: $8820, profit for the year: $4240
Bgross profit: $8820, profit for the year: $5640
Cgross profit: $9080, profit for the year: $5900
Dgross profit: $9520, profit for the year: $5640
✓ Correct answer
B: gross profit: $8820, profit for the year: $5640
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