Milquel was able to produce the following information concerning his business. What was the business's profit for
Question:
Milquel was able to produce the following information concerning his business.
What was the business's profit for the year?
A. $36,000
B. $70,000
C. $104,000
D. $236,000
Transcribed Image Text:
Capital 1 January 2014 100 000 Capital 31 December 2014 170 000 Drawings during year 34 000
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The correct answer is B 70000 To calculate the businesss pr...View the full answer
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Accounting For Cambridge International AS And A Level
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