快速查题-Chapter3-6试题

A trader's net profit for the year may be computed by using which of the following formulae?

The profit earned by a business in 20X7 was $72,500. The proprietor injected new capital of $8,000 during the year and

withdrew goods for his private use which had cost $2,200. If net assets at the beginning of 20X7 were $101,700, what were

the closing net assets?

The profit made by a business in 20X7 was $35,400. The proprietor injected new capital of $10,200 during the year and

withdrew a monthly salary of $500.If net assets at the end of 20X7 were $95,100, what was the proprietor's capital at the

beginning of the year？

A sole trader took some goods costing $800 from inventory for his own use. The normal selling price of the goods is $1,600.

Which of the following journal entries would correctly record this?

Dr Cr $ $

A business can make a profit and yet have a reduction in its bank balance. Which ONE of the following might cause this to

happen?