A Level Accounting Retrieval Practice 2

Choose the correct option

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Choose the correct option

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Choose the correct option

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Choose the correct option

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Choose the correct option

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Choose the correct option (Hint - Draw up the T Account and use PAPA ALLA. Also, remember if money comes out of the Bank Account it is from the Cr side)

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Work out the Gross Profit figure using the following data. (Do not include a £ sign or include gaps in the numbers)

Work out the total depreciation for the Van and the Equipment (Do not include a £ sign or leave gaps in the numbers)

Work out the interest payments (Do not include a £ sign or leave gaps in the numbers)

Using the provided Examination Information state what the Trade Receivables figure would be at 31st Dec 2024 in the Budgeted SOFP.