On 1st Jan2006, a solr trader had a captialof $28000. During the year, he withdrew $23000 for his own use. On 31st Dec2006, he had a captial of $35000. If he did not introduce any new capital during the year, what was the net profit for the year?
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2007-01-03 8:04 am
回答 (3)
2007-01-03 8:44 am
✔ 最佳答案
assume the accounting year starts at 1st Janafter his withdrawal,
total capital=$28000-$23000=$5000
At the year end,
Total Capital=$35000.
(Total Capital=balance in capital a/c b/d+net profit)
-->balance b/d + net profit=$35000
----------->$5000+net profit=$35000
--------------------->net profit=$30000
2007-01-03 8:09 am
30000
收錄日期: 2021-04-13 13:47:32
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