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Marry started her business on 1 January 20X2 of $21000. As at 31 December 20X2, the net asset of her business was $15300. Marry did
Marry started her business on 1 January 20X2 of $21000. As at 31 December 20X2, the net asset of her business was $15300. Marry did not introduce any further capital in the business during the year but made drawings of $11320. Calculate the profit or loss of Marry for the year ende 31 December 20X2.
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Managerial Accounting Tools For Business Decision Making
Authors: Weygandt, Kimmel, Kieso
4th Edition
0470478535, 978-0470478530
