1. On 5 December 2021 Flora sold a motor vehicle for £4,740. The customer was due to pay Flora's Florist on 5 April 2022 but only paid two-thirds of the amount due by cheque on this last day of the accounting year. Nothing regarding the disposal transaction, including any cash received, has been recorded in the accounts. This motor vehicle had been bought on 6 October 2020 for £14,600.
2. 
   What is the profit I get a loss?
3. 
   

Answer rating: 100% (QA)

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