Question
The following are the balances from the books of Red Stone Enterprises as of March 31, 2024. Calculate the company's net income. Description Debit ()
The following are the balances from the books of Red Stone Enterprises as of March 31, 2024. Calculate the company's net income.
Description | Debit (₹) | Credit (₹) |
Capital Account | 150,000 | |
Drawings | 20,000 | |
Sales | 300,000 | |
Purchases | 180,000 | |
Wages | 50,000 | |
Utilities | 10,000 | |
Rent | 25,000 | |
Miscellaneous Exp. | 5,000 | |
Profit and Loss | 10,000 |
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Advanced Accounting
Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik
10th edition
978-0077431808
