9706/12 Accounting Oct Nov 2020 Online Test | Cambridge AS and A Level MCQ

At the start of the year the balance on a sole trader’s capital account was $\$ 183000$.
During the year the following took place.
1 The owner introduced a motor vehicle into the business. This had a cost of $\$ 90000$ and had a market value of $\$ 74000$.
2 The owner took cash drawings of $\$ 15000$.
3 The owner took inventory for personal use. This had a cost of $\$ 24000$ and a selling price of $\$ 32000$.
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