Please use the space provided on the inside cover of the Candidate Answer Booklet to indicate your chosen answer to each multiple choice question.
Each question is worth 2 marks.
Amy is a sole trader and had assets of $569,400 and liabilities of $412,840 on 1 January 20X8. During the year ended 31 December 20X8 she paid $65,000 capital into the business and she paid herself wages of $800 per month.
At 31 December 20X8, Amy had assets of $614,130 and liabilities of $369,770.
What is Amy’s profit for the year ended 31 December 20X8?
A $32,400
B $23,600
C $22,800
D $87,800
Answer：
A
$
Opening assets 569,400
Opening liabilities (412,840)
Capital introduced 65,000
Drawings (800 x 12) (9,600)
––––––––
211,960
Profit (bal fig) 32,400
––––––––
Closing net assets (614,130 – 369,770) 244,360
––––––––
|
高级商业会计证书+英国牛津布鲁克斯大学学士学位 不过重读1年 |
||
|
名师授课，签约过关有保障！不过免费重读1年 |
||
|
名师授课，助您零基础直达ACCA初级 |
更多精彩：