O-LevelAccountingPreparation of financial statements7707/12 · May/June 2022 · Q171 Mark
Mariam owns a business providing accounting services. She provided the following information for the financial year ended 31 March 2022. $ fees owed by clients on 1 April 2021 4500 fees received from clients during the year ended 31 March 2022 22500 fees owed by clients on 31 March 2022 1500 What was the amount of fees shown in the income statement for the year ended 31 March 2022?
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A$19500
B$22500
C$25500
D$28500
✓ Correct answer
A: $19500
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