O-LevelAccountingAccounting procedures7707/11 · May/June 2012 · Q241 Mark

Karim did not keep proper accounting records, but provided the following information. $ drawings 8 500 capital introduced in year 15 000 capital at 1 January 58 000 capital at 31 December 82 500 What was the profit for the year?

A$16 000

B$18 000

C$33 000

D$48 000

✓ Correct answer

B: $18 000

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Topic: Accounting procedures, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, May/June 2012 Paper 1 Variant 1, question 24.

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