A-LevelAccountingPreparation of financial statements9706/12 · Oct/Nov 2010 · Q111 Mark
For the eleven months ended 31 August 2009, snack bar takings were correctly recorded at $109 340. For September 2009, the snack bar takings were mixed up with other income. The snack bar profit margin was 30.%.%. The table shows figures for the snack bar for September 2009. [Table showing opening inventory (stock) at cost $6 303, purchases $8 844, closing inventory (stock) at cost $7 370] What was the gross profit of the snack bar for the year ended 30 September 2009?
A$27 566
B$36 135
C$36 593
D$43 912
✓ Correct answer
B: $36 135
Practise more questions on this topic
Oracle Prep sorts past-paper questions by topic, so you can drill Preparation of financial statements and see which topics are most likely to come up next.
Sign up free →