The balance sheets of I.Turner,sole trader,showed: The profit for the year ended 30 June 2014 was $60 000.During the year additional capital of $40 000 was contributed in cash.Drawings in cash were made weekly.The amount of drawings for the year is:
A) $40 000
B) $60 000
C) $20 000
D) $100 000
Correct Answer:
Verified
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