Gce Model Questions Vol1 2025 Financial Accounting Question 42

A sole trader's cash book has been lost. The following information is available for the year ended 31 December:\n- Credit sales: \(\pounds45{,}000\); cash sales: \(\pounds12{,}000\).\n- Credit purchases: \(\pounds30{,}000\); cash purchases: \(\pounds8{,}000\).\n- Opening stock: \(\pounds15{,}000\); closing stock: \(\pounds18{,}000\).\n- Expenses: rent \(\pounds5{,}000\), salaries \(\pounds7{,}500\), other expenses \(\pounds2{,}200\).\n- Bank statement closing balance: \(\pounds9{,}800\).\n- Deposits not yet recorded in the cash book: a cash receipt from a customer of \(\pounds3{,}200\).\n- Outstanding cheques at year‑end: \(\pounds1{,}500\).\n- A cash payment for office supplies of \(\pounds2{,}400\) was made but not recorded.\nDetermine (i) the opening cash‑book balance and (ii) the profit for the year.