Sole Traders and Partnership accounts revision - ross Young | Library

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A statement of profit or loss shows a profit of £14,900. It is discovered that no allowance has been made for advertising expenses accrued of £620 and rent prepaid of £450 at the year end. What is the adjusted profit for the year?

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Draggable item		Corresponding Item
verifability		users can compare information with previous years and with similar businesses
timeliness		users are assured of information
comparability		users receive information in time to make decisions
understandability		information is presented clearly and precisely