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Amy is a sole trader and had assets of $569,400 and liabilities of $412,840 on 1 January 2

0X8. During the year ended 31 December 20X8 she paid $65,000 capital into the business and she paid herself wages of $800 per month. At 31 December 20X8, Amy had assets of $614,130 and liabilities of $369,770. What is Amy’s profit for the year ended 31 December 20X8?

A、$32,400

B、$23,600

C、$22,800

D、$87,800

提问人:网友mengfeng150 发布时间:2022-01-07
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The accounts of sole trader must always make financial accounts publicly available.
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第2题
The major difference between the statement of profit or loss for a sole trader and that for a limited liability company is that business of sole trader does not need to pay corporate tax.
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The advantages of a sole trader is that the owner's liability is limited because the entity is a separate legal person.
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第6题
()– the oldest form of trading , it’s also the simplest and the most common type of business you’ll find.

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()is the usual form for small shops and businesses that provide services such as beauticians, hairdressers, photographers, gardeners and so on.

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第8题
The type of business unit which is described as sole trader() is one which is owned, run and controlled by one person.

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__________ is an individual who commits money to investment products with the expectation of financial return.

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