A-LevelAccountingPreparation of financial statements9706/12 · Oct/Nov 2012 · Q161 Mark
A business does not keep complete accounting records. The following information is known: $ capital at start of year 52 000 capital at end of year 55 000 owner's drawings in year 13 000 capital introduced during the year 25 000 What is the profit/loss for the year?
Aloss $9000
Bprofit $9000
Closs $15 000
Dprofit $15 000
✓ Correct answer
A: loss $9000
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