Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 28, 2024

dentify the correct formula used to ascertain the closing balance of capital a. Opening Capital + Net Profit Drawings - Assets b. Opening Capital +

dentify the correct formula used to ascertain the closing balance of capital

a. Opening Capital + Net Profit Drawings - Assets

b. Opening Capital + Assets + Income Expenses

c. Opening Capital + Net Loss - Drawings

d. Opening Capital + Net Profit Drawings

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

Step: 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

Management Control Systems Performance Measurement Evaluation And Incentives

Authors: Kenneth Merchant, Wim Van Der Stede

3rd Edition

0273737619, 978-0273737612

More Books

Students also viewed these Accounting questions

Question

★★★★★

Two identical small insulating balls are suspended by separate 0.25-m threads that are attached to a common point on the ceiling. Each ball has a mass of 8.0 10-4 kg. Initially the balls are...

Answered: 1 week ago

Question

★★★★★

In Exercises 6576, write each number in decimal notation without the use of exponents. -7.00001 x 10

Answered: 1 week ago

Question

★★★★★

A box B1 contains four red and six black balls, while a second box B2 contains seven red and three black balls. We select a ball from B1 and place it in B2. Then, we pick up a ball from B2 at random...

Answered: 1 week ago

Question

★★★★★

Assume that Wrigley Juice is an S corporation owned equally by Henry, Iris, and Jasmine. Prepare a memo explaining the effect of Wrigleys results on Henrys, Iriss, and Jasmines tax returns. Wrigley...

Answered: 1 week ago

Question

★★★★★

Write a C program that reports how many lines, words, and characters in an input text file with more than 300 words, and at least 3 paragraphs, and also makes a sorted list of all words found in it....

Answered: 1 week ago

Question

★★★★★

Could I get some help on correct answers and brief explanation on why its correct answer, please and thank you In periods of rising prices, which of the following statements is true? Both LIFO and...

Answered: 1 week ago

Question

★★★★★

The IS Strategy Triangle links business strategy with organizational and information strategy suggesting that all three points must be in balance to have an efficient organization. As a manager, you...

Answered: 1 week ago

Question

★★★★★

As you saw in the videos (and perhaps in the code that you wrote for this activity), there are many different ways to work with files. You can put a file in a for-loop and read one line at a time. Or...

Answered: 1 week ago

Question

★★★★★

A company using the varying workforce strategy to meet exact demand is preparing an aggregate production plan for the next four (4) months. The number of the workforce currently employed is 20...

Answered: 1 week ago

Question

★★★★★

Case 1: Evaluate and define "Dr. Lorna Breen Health Care Provider Protection Act" Is there a Biblical foundation for this law? Describe. Provide at least 2 examples of this law enacted. Provide 3...

Answered: 1 week ago

Question

★★★★★

Most retail environments have done away with any backroom, and currently most follow Wal-Marts innovation of 50 years ago to increase the size of the store by getting rid of the "backroom" thus,...

Answered: 1 week ago

Question

★★★★★

What style of conflict resolution would you use as an employee to respond to Jobss statement that Well, it was your job to convince me I was wrong, and you failed!

Answered: 1 week ago

Question

★★★★★

The three ego states that affect our behavior and the way we transact with others are parent, child, and adult. In the incident described in the case between Kalanick and Apple CEO Tim Cook, who in...

Answered: 1 week ago

Question

★★★★★

Chapter 3 discusses attitudes, self-concept, values, and ethics. More specifically, a managers attitudes, values, and ethics can affect employees job behavior and performance. How will you relate...

Answered: 1 week ago

Previous Question Next Question