0452/12 Accounting Oct Nov 2023 Online Test | Cambridge IGCSE MCQ

A trader prepared a draft income statement which showed a profit for the year of $36 000.
A check of the books revealed the following information.
1- Drawings made by the owner of $900 had been debited to the wages account.
2- The provision for doubtful debts was increased by$ 20 at the year-end. The income statement was charged with the total provision of $260.
3- The total of the discount allowed column in the cash book, $140, for one month had not been debited to the…