Use the following information to answer the question below$\begin{array}{c|c} & 1/7/10 & 30/6/11 \ & D & D \\hline\text{Stock} & 1,460 & 4,200 \\hline\text{Motor Car} & 3,600 & 3,200 \\hline\text{Creditors} & 600 & 700 \end{array}$Drawings during the year amounted to D1,500.Net profit for the year is

Question

Use the following information to answer the question below$\begin{array}{c|c} &amp; 1/7/10 &amp; 30/6/11 \ &amp; D &amp; D \\hline\text{Stock} &amp; 1,460 &amp; 4,200 \\hline\text{Motor Car} &amp; 3,600 &amp; 3,200 \\hline\text{Creditors} &amp; 600 &amp; 700 \end{array}$Drawings during the year amounted to D1,500.Net profit for the year is

Lessonnotes Admin · Accepted Answer

The answer is B. D3,740.