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From the following statement of changes in Equity, you are required to find the answers of the following questions. STATEMENT OF CHANGES IN EQUITY
From the following statement of changes in Equity, you are required to find the answers of the following questions. STATEMENT OF CHANGES IN EQUITY Particulars Opening capital Net profit Amount 50000 170000 Drawings Owner's equity or capital to be transferred 155000 to Balance Sheet Q1. What is the amount of opening capital? Q2. what is the amount of drawings during the year?
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Core Concepts of Accounting
Authors: Cecily A. Raiborn
2nd edition
470499478, 978-0470499474
