Question
Tara Westmont, the proprietor of Tiptoe Shoes, had annual revenues of $199,000, expenses of $110,700, and withdrew $23,600 from the business during the current year.
Tara Westmont, the proprietor of Tiptoe Shoes, had annual revenues of $199,000, expenses of $110,700, and withdrew $23,600 from the business during the current year. The owners capital account before closing had a balance of $311,000. The Net Income for the year is:
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Practical Guide To Accountancy
Authors: Ajit Kumar Chattopadhyay, Amalendu Mukhopadhyay
1st Edition
1642874264, 9781642874266
