The following amounts have been paid out of the business bank account. Purchase of motor car £7000, petrol and car expenses £1 300, wages £4 500, £9000 paid in by the owner, money taken out by the owner, £1000, money from sales £9000, purchases of goods resold £4000, rent of premises £3000. What amount should be recorded as expenses for the period?
A) £13800
B) £20800
C) £19800
D) £12800
E) None of the above

Question

Quizplus · Accepted Answer

The Answer of The following amounts have been paid out of the business bank account. Purchase of motor car £7000, petrol and car expenses £1 300, wages £4 500, £9000 paid in by the owner, money taken out by the owner, £1000, money from sales £9000, purchases of goods resold £4000, rent of premises £3000. What amount should be recorded as expenses for the period?
A) £13800
B) £20800
C) £19800
D) £12800
E) None of the above

The Following Amounts Have Been Paid Out of the Business