A proprietors capital account increased over the year by 12,700. She paid a 50,000 premium bond win
Question:
A proprietor’s capital account increased over the year by £12,700. She paid a £50,000 premium bond win into the business bank account during the year.
Required
Calculate the profit or loss made by the business during the year.
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To calculate the profit or loss made by the business during the year you can use the follo...View the full answer
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