Carmen, a sole trader, had a net cash inflow from operating activities of £30 250 for the year ended 31 December 20X3.During the year she paid interest on a business overdraft of £650, drew £9000 from the business for personal use, and purchased non-current assets for £5000.There were no other relevant transactions.What was Carmen's net cash inflow for the year ended 31 December 20X3?
A)£24 600
B)£16 900
C)£16 250
D)£15 600

Question

Quizplus · Accepted Answer

The Answer of Carmen, a sole trader, had a net cash inflow from operating activities of £30 250 for the year ended 31 December 20X3.During the year she paid interest on a business overdraft of £650, drew £9000 from the business for personal use, and purchased non-current assets for £5000.There were no other relevant transactions.What was Carmen's net cash inflow for the year ended 31 December 20X3?
A)£24 600
B)£16 900
C)£16 250
D)£15 600

Carmen, a Sole Trader, Had a Net Cash Inflow from Operating