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Incomplete Records

Exam code: 7707
1 hours · 14 questions
11 mark

A trader does not keep a full set of accounting records.

How can he calculate the profit for the year?

  • A.

    opening capital - closing capital + drawings 

  • B.

    closing capital - opening capital - drawings 

  • C.

    closing capital - opening capital + drawings 

  • D.

    opening capital + closing capital - drawings 

Choose your answer
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