Given opening capital of 16,500, closing capital as 11,350 and drawings were 3,300, then (A) Loss for

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Given opening capital of £16,500, closing capital as £11,350 and drawings were £3,300, then

(A) Loss for the year was £1,850

(B) Profit for the year was £1,850

(D) Profit for the year was £8,450

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Frank Woods Business Accounting Volume 1

ISBN: 9780273681496

10th Edition

Authors: Frank Wood, Alan Sangster

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Question Posted: Aug 19, 2023 11:32 PM

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Given opening capital of 16,500, closing capital as 11,350 and drawings were 3,300, then (A) Loss for

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We can calculate the profit or loss for the year by using the formul...View the full answer

Frank Woods Business Accounting Volume 1

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