Capital at the end of 20X2 is 2,000. Capital at the end of 20X3 is 3,000. Drawings

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Capital at the end of 20X2 is £2,000.
Capital at the end of 20X3 is £3,000.
Drawings were £700.
Required
Calculate the profit for the year ended 20X3 from the above information?

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Introduction To Financial Accounting

ISBN: 978-0077138448

7th edition

Authors: Anne Marie Ward, Andrew Thomas

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Question Posted: Dec 20, 2016 10:23 AM

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Capital at the end of 20X2 is 2,000. Capital at the end of 20X3 is 3,000. Drawings

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Equity capital Balance at start ...View the full answer

Introduction To Financial Accounting

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