Gce Model Questions Vol1 2022 Financial Accounting Question 9
Practice objective / multiple choice question 9 from the 2022 Gce Model Questions Vol1 Financial Accounting examination.
For the year ended 31 March, the following information is available: Sales: \(\text{£}250,000\) Opening stock: \(\text{£}30,000\) Purchases: \(\text{£}120,000\) Purchases returns: \(\text{£}5,000\) Closing stock: \(\text{£}28,000\) Carriage inwards: \(\text{£}3,000\) Wages: \(\text{£}12,000\) Rent expense: \(\text{£}9,000\) Depreciation on equipment (straight‑line): \(\text{£}6,000\) Bad debts written off: \(\text{£}2,500\) Interest received: \(\text{£}1,200\) No other incomes or expenses are recorded. Calculate the net profit for the year.
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About This Question
This is Gce Model Questions Vol1 2022 Financial Accounting Question 9. It is one of the objective questions from the 2022 Gce Model Questions Vol1 Financial Accounting examination.
Difficulty level: Medium .
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