1. A sole trader had opening capital of £10,000 and closing capital of £4,500. During the year the owner introduced capital of £4,000 and withdrew £8,000 for her own use. The profit or loss during the year was? A. £9,500 loss B. £1,500 loss C. £7,500 profit D. £17,500 profit

1. A sole trader had opening capital of £10,000 and closing capital of £4,500. During the year the owner introduced capital of £4,000 and withdrew £8,000 for her own use. The profit or loss during the year was? A. £9,500 loss B. £1,500 loss C. £7,500 profit D. £17,500 profit

Name: 1. A sole trader had opening capital of £10,000 and closing capital o
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Description: 1. A sole trader had opening capital of £10,000 and closing capital of £4,500.During the year the owner introduced capital of £4,000 and withdrew £8,000for her own use. The profit or loss during the year was?A. £9,500 lossB. £1,500 lossC. £7,500 pro

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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