CIMA Exam CIMAPRA17-BA3-1 Topic 1 Question 14 Discussion

Actual exam question for CIMA's CIMAPRA17-BA3-1 exam

Question #: 14
Topic #: 1

AB commenced trading on 1 January 20XS. introducing $50,000 cash and $15,000 of assets to the business. The profit earned and retained in the business for the year ended 31 December 20X6 was $160,000. AB's closing capital at 31 December 20X5 was $190,000.

What is the value of AB's drawings for the year ending 31 December 20X5?

A$35,000

B$20,000

C$95,000

D$135,000

Show Suggested Answer

Suggested Answer: A

by Jennie at May 07, 2022, 04:36 AM

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