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Martin, who is a sole trader, made a profit of $22,860 in the year to 30 November 2005. During the year his drawings were
Martin, who is a sole trader, made a profit of $22,860 in the year to 30 November 2005. During the year his drawings were $16,890. At 1 December 2004 the balance on his capital account was $70,000. What is the balance on Martin's capital account at 30 November 2005? Exclude $, and space from your answer Answer:
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Accounting Information Systems
Authors: George H. Bodnar, William S. Hopwood
11th Edition
0132871939, 978-0132871938
