Question
The beginning balance of Jones, Capital account was $10,000. The revenues and expenses were $240,000 and $100,000, respectively. During the year, Mr. Jones withdrew $5,000.
The beginning balance of Jones, Capital account was $10,000. The revenues and expenses were $240,000 and $100,000, respectively. During the year, Mr. Jones withdrew $5,000. The ending balance for Jones, Capital account is $135,000.
True/False?
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Accounting Fraud, Maneuvering And Manipulation, Past And Present
Authors: Gary Giroux
2nd Edition
1947098748, 9781947098749
