A-LevelAccountingPreparation of financial statements9706/12 · Feb/Mar 2016 · Q91 Mark
An inexperienced bookkeeper calculated a draft profit for the year ended 31 December 2015 of $578 500. He had not accounted for the following: 1 January 2015 31 December 2015 $ $ provision for doubtful debts 12800 11300 provision for depreciation 95000 126 200 What was the revised profit for the year?
A$441000
B$463600
C$545 800
D$548 800
✓ Correct answer
D: $548 800
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