Capital at the end of 20X8 is 2,000. Capital at the end of 20X9 is 3,000. Drawings
Question:
Capital at the end of 20X8 is £2,000.
Capital at the end of 20X9 is £3,000.
Drawings were £700.
Required
Calculate the profit for the year ended 20X9 from the above information.
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Related Book For
Introduction To Financial Accounting
ISBN: 9781526803009
9th Edition
Authors: Anne Marie Ward, Andrew Thomas
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