The Following Amounts Have Been Paid Out of the Business

question 1

Multiple Choice

The following amounts have been paid out of the business bank account. Purchase of motor car £7 000, petrol and car expenses £1 300, wages £4 500, £9 000 paid in by the owner, money taken out by the owner, £1 000, money from sales £9 000, purchases of goods resold £4 000, rent of premises £3 000.
-what should be recorded as the increase in assets over the period?

• A) £7000
• B) £16000
• C) £15000
• D) £ 4200
• E) None of the above

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Definitions:

Patient-Controlled Analgesia (PCA)

A method of pain management that allows patients to self-administer prescribed doses of pain medication through a device.

Postoperative Period

The recovery phase following surgery, involving monitoring, pain management, and care to ensure proper healing.

Morphine

A powerful opioid pain medication derived from opium, used to relieve severe pain.

Methadone

A synthetic opioid used for pain management and as part of medication-assisted treatment to reduce withdrawal symptoms and cravings in people with opioid use disorder.