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1. Please explain the math in detail with solution. (Why here in 2010 net loss occurred instead of net profit) E 1500 44002 Problem -25
1. Please explain the math in detail with solution.
(Why here in 2010 net loss occurred instead of net profit)
E 1500 44002 Problem -25 Year Question & Solution O N.U. BBA (Hon's) Finance (1st Year) 2014 MLS. Company had the following assets and Liabilities on the dates indicated : December 31 Total Assets Total Liabilities 2009 Tk. 4,00,000 Tk. 2.50,000 2010 Tk. 4,60,000 Tk. 3,00.000 2011 Tk. 5,90,000 Tk. 4,00.000 MLS. Company began business of January 1, 2009, With an investment of Tk. 1,00,000. Instructions : From an analysis of the change in owner's equity during the year. Company the net income (or loss) for.) (1) 2009, assuming MLS Company drawings were Tk. 15,000 for the year. (ii ) 2010 assuming MLS Company made an additional investment of Tk. 50,000 and had no drawing in 2010. (ii ) 2011 assuming MLS Company made an additional investment of Tk. 15,000 and drawing of Tk. 30,000. 19662Step by Step Solution
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