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O Level Principles of Accounting

Final Accounts Questions and Answers

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Question 1 of 4Final accounts of a sole trader

S. Kamwendo's Trading and Profit and Loss Account for the year ended 31 December 2009 showed a gross profit of 42600,otherincomeof42 600, other income of 90, and total expenses of $35 610. What was the net profit for the year?

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