AAT Level 3 FAPS
AAT Level 3 Diploma in Accounting (Q2022) - Financial Accounting: Preparing Financial Statements (FAPS)
Incomplete RecordsEnglish
Exam overviewPractice session
A business uses the incomplete records technique. Opening capital is GBP 40,000, closing capital is GBP 55,000, drawings were GBP 12,000 and no new capital was introduced. Profit for the year is:
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