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14 Danyl starts his own business on 1 July 2019 selling handmade cards and other crafts. For the first six months of his business, he
14 Danyl starts his own business on 1 July 2019 selling handmade cards and other crafts. For the first six months of his business, he has a profit figure of 2,150. When looking into his records, you discover the following: Insurance of 500 paid to provide insurance coverage for the first 12 months in business has not been recorded in the accounts Danyl received a bill in March 2020 for 375 relating to electricity consumption for the period December 2019 to February 2020. He has not accounted for this in calculating his six-month profit figure. What is Danyl's actual profit for the first six months of his business? (4 marks)
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