Question
Al Hosani invested AED10,000 to start his business on January 1 2017. During the month, the business had revenues of AED12,500 and expenses of AED7,800.
Al Hosani invested AED10,000 to start his business on January 1 2017. During the month, the business had revenues of AED12,500 and expenses of AED7,800. Al Hosani took AED3,000 from the business for personal use. Calculate the owners equity on January 31 2017.
| a. | AED8,300 | |
| b. | AED17,700 | |
| c. | AED13,000 | |
| d. | AED11,700 |
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Financial Accounting Textbook For Students And Researchers
Authors: Mukhiddin Kalonov
1st Edition
6206174077, 978-6206174073
