MCQ
A business provided the following information for two years. year 1 year 2 $ $ non-current assets 9 000 12 000 net current assets 1 000 2 000 There were no non-current liabilities. The drawings in year 1 were $5000 and in year 2 were $3000. What was the profit for year 2? A $1000 B $4000 C $5000 D $7000
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