Here are the financial figures for White Sands Corp as of September 30, 2024 Calculate the company 's net income Description Debit () Credit () Capital Account 350,000 Drawings 40,000 Sales 550,000 Purchases 250,000 Salaries 70,000 Utilities 30,000 Rent 45,000 Miscellaneous Expenses 10,000 Profit a...

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Here are the financial figures for White Sands Corp. as of September 30, 2024. Calculate the company's

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Here are the financial figures for White Sands Corp. as of September 30, 2024. Calculate the company's net income.

Description	Debit (₹)	Credit (₹)
Capital Account		350,000
Drawings	40,000
Sales		550,000
Purchases	250,000
Salaries	70,000
Utilities	30,000
Rent	45,000
Miscellaneous Expenses	10,000
Profit and Loss		12,000

Requirements:

Compute total debits and credits.
Determine net income.
Explain the impact of utilities on net income.

Assess the profit and loss balance.

Posted Date: May 30, 2024 09:33 AM

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Here are the financial figures for White Sands Corp. as of September 30, 2024. Calculate the company's

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