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Incomplete records

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA BT – FIA FBT › Incomplete records

  • This topic has 1 reply, 2 voices, and was last updated 1 year ago by Ken Garrett.
Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • September 16, 2019 at 9:23 am #546238
    ismet
    • Topics: 2
    • Replies: 1
    • ☆

    A sole trader’s business made a profit of $32,500 during the year ended 31 March 20X8. This figure
    was after deducting $100 per week wages for himself. In addition, he put his home telephone bill
    through the business books, amounting to $400 plus sales tax at 17.5%. He is registered for sales tax
    and therefore has charged only the net amount to his statement of profit or loss and other
    comprehensive income.
    His capital at 1 April 20X7 was $6,500. What was his capital at 31 March 20X8?

    A $33,730
    B $33,800
    C $38,930
    D $39,000

    Could you explain that question please?

    September 16, 2019 at 10:59 am #546248
    Ken Garrett
    Keymaster
    • Topics: 9
    • Replies: 8951
    • ☆☆☆☆☆

    This is a question for the FA tutor forum. Please re-post there and include, ideally, state which answer was shown for this question.

  • Author
    Posts
Viewing 2 posts - 1 through 2 (of 2 total)
  • The topic ‘Incomplete records’ is closed to new replies.

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