The Capital account balance minus the net loss minus the Drawing account balance equals a. Net loss.
Question:
The Capital account balance minus the net loss minus the Drawing account balance equals
a. Net loss.
b. Total liabilities.
c. The capital amount shown on a balance sheet.
d. The capital amount shown on an income statement.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 80% (5 reviews)
The Capital account balance minus the net loss minus the Draw...View the full answer
Answered By
Hardik Dudhat
I am semi-qualified Chemical Engineering ,I have scored centum in accounting in my senior secondary and in my graduation. I have always helped my fellow students with their concerns on the subject, i have tutored on various tutoring sites in the past and also have taken home tuitions for degree and MBA students. As a tutor, I don't want my students to just get a solution, I want them to understand the concept and never have a doubt in that area thereon and i believe in excelling and not in educating.
0.00
0 Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Discuss the meaning of the capital account balance and identify its major components.
-
An incomplete comparative income statement and balance sheet for Emore Corporation follow: Requirment 1. Using the ratios, common-size percentages, and trend percentages given, complete the...
-
An incomplete comparative income statement and balance sheet for Amherst Corporation follow: Requirement 1. Using the ratios, common-size percentages, and trend percentages given, complete the income...
-
Which step in the recruitment process involves attracting potential candidates to the organization? A. Selection B. Induction C. Job analysis D. Sourcing
-
Explain what the following ratios tell you about a company's financial health: debt to equity ratio and times interest earned ratio.
-
What is the AR register used for in the C55x?
-
What is an evaporative condenser ?
-
Several banks have offered loans to the Sanchez Computer Center for its expansion. However, Freedman wants to weigh each option to determine the best financial situation for the company. Currently,...
-
The following information is available to reconcile Branch Company's book balance of cash with its bank statement cash balance as of July 31. a. On July 31, the company's Cash account has a $25,704...
-
The Engel expenditure curve relates a consumer's expenditure on a commodity to his or her total income. Letting Y = the consumption expenditure on a commodity and X = the consumer income, consider...
-
Compare and contrast the closing entry for an expense account and the closing entry for the withdrawals account.
-
a . Explain the relationship between the Income Summary account and the capital account. b . Why doesnt the Income Summary account have a normal balance?
-
A cubical box 20 cm on a side is constructed from 1.2-cm thick concrete panels. A 100 W light bulb is sealed inside the box. What is the air temperature inside the box when the light is on if the...
-
FCM Plumbing has a choice to pay the invoices owed to Reece Bathrooms Pty Ltd earlier or until the final bill due date 60 days later. They would obtain a 5% discount if paid within the next 10 days....
-
This assignment is due by Sunday, 11:59 PM EST. Supplemental Material: How to Create a Risk Heatmap in Excel - Part 2 Links to an external site. Overview and Rationale Using the risk log and...
-
An exoplanet with twice the mass of Jupiter has a moon the mass of our Moon in an orbit with a period of 1 0 days. Use Newton s version of Kepler s Third Law to calculate the semimajor axis of the...
-
14--0----0 -3 X 3 and [M] xo]: Let M 2 [1 -2 = 2 I My = Xo -3 3 4 -3 -1 5 (a) Find the reduced row echelon form of the augmented matrix [M] xo]- (b) Using the result of part (a), or otherwise, solve...
-
You attempt to throw a ball over a fence to your friend on the other side. you are 1 2 . 4 m from the fence when you throw it at an angle of 5 5 degrees above the horizontal, giving it an initial...
-
(a) Show that if y12 + y22 + y23. + y42 = 1, then the matrix is a proper orthogonal matrix. The numbers y1, y2, y3, y4 are known as Cayley-Klein parameters. (b) Write down a formula for Q-1. (c)...
-
Prepare a stock card using the following information A company is registered for GST which it pays quarterly, assume GST was last paid on the 30th of June 2019. It uses weighted average cost...
-
In the past, Sears emphasized its own dealer brands. Now it is carrying more well-known manufacturer brands. What are the benefits to Sears of carrying more manufacturer brands?
-
What does the degree of brand familiarity imply about previous and future promotion efforts? How does the degree of brand familiarity affect the Place and Price variables?
-
You operate a small hardware store with emphasis on manufacturer brands and have barely been breaking even. Evaluate the proposal of a large wholesaler that offers a full line of dealer-branded...
-
What strategies and frameworks do you employ to prioritize strategic initiatives and allocate resources effectively, balancing short-term imperatives with long-term sustainability and growth...
-
The following table shows the data from 2000 general social survey. The table cross classifies gender and political party identifications. Subjects indicated whether they identified more strongly...
-
The Information Richness of Communication Media The four types of communication media are Face-to-face Communication, Spoken Communication Electronically Transmitted, Personally Addressed Written...
Study smarter with the SolutionInn App