Freddie a taxi driver has been in business from 1 July but has decided that his accounting year ends on 31 December provides the following information about his expenses. Receipts from fares £ 16000, repairs £600, cost of taxi £12000, road fund licence £ 240 paid on 1 July, Insurance £1 200 paid on 1 July, petrol £1 800. The profit for the six months is:

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The Answer of Freddie a taxi driver has been in business from 1 July but has decided that his accounting year ends on 31 December provides the following information about his expenses. Receipts from fares £ 16000, repairs £600, cost of taxi £12000, road fund licence £ 240 paid on 1 July, Insurance £1 200 paid on 1 July, petrol £1 800. The profit for the six months is:

Freddie a Taxi Driver Has Been in Business from 1