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Sonja Widjaya had prepared the financial statements for her business, a sole proprietorship, to take to her accountant. Unfortunately, she has misplaced the income statement.
Sonja Widjaya had prepared the financial statements for her business, a sole proprietorship, to take to her accountant. Unfortunately, she has misplaced the income statement. Her accountant assures her that the profit or loss for the period can be determined so long as she has her balance sheets for the previous and current reporting period. These are presented below. In addition, Sonja Widjaya tells her accountant that she has made drawings totalling $21, 800 during the reporting period. Analysing the information provided, determine the profit or loss for Sonja Widjaya for the year ended 30 June 2015
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