Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Betties Smith is the owner of Betties Plumbing. You are given the following information for Betties Plumbing for the year ended 28 February 20.2? R

Betties Smith is the owner of Betties Plumbing. You are given the following information for Betties Plumbing for the year ended 28 February 20.2?

R

Capital

250 000

Services rendered

450 000

Wages

70 000

Telephone expenses

10 000

Water and electricity

8 000

Insurance

1 500

Maintenance of vehicles

2 500

Rent expenses

32 500

Rent deposit paid

1 400

Interest income

3 000

Accrued income

1 600

Accrued expenses

2 300

What is the total comprehensive profit/loss of Betties Plumbing for the year ended 28 February 20.2:

NB: Instructions

1. Use a full stop to indicate any decimals (eg: 1000.01)

2. Only show the amount, do not show the R (eg: 12141.72)

3. If the net effect is a loss, please enter the amount as a negative (eg: -12141.72)

Answer:

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Using Accounting & Financial InformationAnalyzing, Forecasting, And Decision Making

Authors: Mark S. Bettner

2nd Edition

1947098683, 9781947098688

More Books

Students also viewed these Accounting questions

Question

What are the advantages of arbitration?

Answered: 1 week ago