Question
1- If, at the beginning of the period Assets are $699 and Liabilities are $245 and during the period Revenue is $770, Expenses are $416,
1- If, at the beginning of the period Assets are $699 and Liabilities are $245 and during the period Revenue is $770, Expenses are $416, Capital Introduced is $252 Drawings are $298, what is Owners Equity at the end of the period?
2- if, at the beginning of the period Assets are ${A} and Liabilities are ${L} and during the period Revenue is $671, Expenses are $413, Capital Introduced is ${I} Drawings are ${D}, what is the profit for the year.
*note this question provides the structure of a more difficult question, but with the noise identified.
3- If, at the beginning of the period Assets are $634 and Liabilities are $374 and during the period Revenue is $647, Expenses are $505, what is Owners Equity at the end of the period?
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