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4. Opening balance on 1.03.2017 Assets Cash Fixed assets Time Liabilities 120.000 Equity 150.000 140.000 260.000 Obligations to employees Time 110.000 260.000 In March,

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4. Opening balance on 1.03.2017 Assets Cash Fixed assets Time Liabilities 120.000 Equity 150.000 140.000 260.000 Obligations to employees Time 110.000 260.000 In March, the following operations took place: 1. Purchased for cash goods (1000pcs of 10 PLN) 2. Unpaid (for February) salaries of employees 10.000 PLN Goods were sold (600pcs at a sale price of PLN 20), cash from the sale of goods amounted to PLN 5000 3. 4. Received a bill for the transport of goods, which was paid in cash 100 PLN 5. The owners withdrew 1000 PLN in cash for their own needs 6. Salaries for employees for March amounted to PLN 15,000, and were paid in cash 7. Purchased goods on credit (800pcs of 7PLN) 8. Depreciation of fixed assets for March amounted to PLN 1000 9. Partially paid for goods purchased in the current month on credit 700 PLN On the basis of the analysis of the above operations, please tick the option (A,B,C or D) in which the financial result for the month of March was properly calculated. A. Loss: 10100. B. Profit: 1200. C. Loss: 5600. D. Profit: 1010

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