A-LevelAccountingPreparation of financial statements9706/12 · May/June 2013 · Q41 Mark
The draft financial statements of a business show a profit for the year of $64 000 before taking account of the following. 1 the reduction of the provision for doubtful debts by $300 2 the purchase of office stationery costing $2400 which has not been entered in the records; only one sixth of this stationery was used by the year end What is the corrected profit for the year?
A$61900
B$63900
C$64 100
D$64 300
✓ Correct answer
B: $63900
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