FNDACCT's first year of operations reported revenues for P324,000 and expenses for P208,800. The owner withdrew P34,000

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FNDACCT's first year of operations reported revenues for P324,000 and expenses for P208,800. The owner withdrew P34,000 for personal use. Owner investment amounted to P75,000.

How much is the net income ofFNDACCT for the year?

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Modern Advanced Accounting in Canada

ISBN: 978-1259087554

7th edition

Authors: Hilton Murray, Herauf Darrell

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Posted Date: Mar 24, 2023 03:13 AM

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FNDACCT's first year of operations reported revenues for P324,000 and expenses for P208,800. The owner withdrew P34,000

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Modern Advanced Accounting in Canada

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