Halinas capital on 1 January 207 was $25,900. On 31 December 207 her capital was $27,600. During

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Halina’s capital on 1 January 20–7 was $25,900. On 31 December 20–7 her capital was $27,600. During the year she had invested a further $5,000 and had withdrawn goods costing $900 for personal use. How much was the profit or loss for the year?

A. $2,400 Loss

B. $2,400 Profit

C. $5,800 Loss

D. $5,800 Profit

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Cambridge IGCSE And O Level Accounting Coursebook

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Authors: Catherine Coucom

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Question Posted: Sep 16, 2021 01:44 AM

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Halinas capital on 1 January 207 was $25,900. On 31 December 207 her capital was $27,600. During

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Solution The correct option is A 2400 loss Explanation Op capital Net prof...View the full answer

Cambridge IGCSE And O Level Accounting Coursebook

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