ear on 30 April 2019. fees earned during the year fees owed by clients at 30 April 2019 cost of computer equipment purchased loan interest paid other business expenses was Seema's profit for the year? . GHC 72,000 GHC 244 000 22 000 26 000 4 000 142 000
ear on 30 April 2019. fees earned during the year fees owed by clients at 30 April 2019 cost of computer equipment purchased loan interest paid other business expenses was Seema's profit for the year? . GHC 72,000 GHC 244 000 22 000 26 000 4 000 142 000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Topic Video
Question
![Adwoa is a business consultant. She provided the following information at the end of her first
financial year on 30 April 2019.
fees earned during the year
fees owed by clients at 30 April 2019
cost of computer equipment purchased
loan interest paid
other business expenses
What was Seema's profit for the year?
A. GHC 72,000
B. GHC 94,000
O C. GHC98,000
O D. GHC120,000
GHC
244 000
22 000
26 000
4 000
142 000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F0cf27189-6b59-46af-b25b-bc539a9e6a9a%2F7a850318-8c8d-44af-8888-0b67fa37b5ac%2Fz9k8rq_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Adwoa is a business consultant. She provided the following information at the end of her first
financial year on 30 April 2019.
fees earned during the year
fees owed by clients at 30 April 2019
cost of computer equipment purchased
loan interest paid
other business expenses
What was Seema's profit for the year?
A. GHC 72,000
B. GHC 94,000
O C. GHC98,000
O D. GHC120,000
GHC
244 000
22 000
26 000
4 000
142 000
Expert Solution
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Profit refers to the sum value of money earned by a company by selling its products or services to the consumers above its cost value.
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