Mathematics · Accounting Adjustments
Samir is finalising his financial statements and his profit for the year is $85,014. However, he has the following adjustments to make: - An accrual of $420 for electricity - A prepayment of $720 for rent - An irrecoverable debt of $140 to be written off What will be Samir's profit for the year when these adjustments have been made?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1$85,314
- 2$85,174✓
- 3$83,734
- 4$82,674
Correct answer
$85,174
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