Net assets fir celine, sole trader on 1 jan 2xx2 amounted to 128000. During the year to 31 december 2xx2 celebe introduced a further 50,000 of capital and made drawings of 48,000. At 31 december 2xx2 celebe net assets totalled 184000 What is celine total profit/ loss at year end 31 dec 2xx2

Net assets fir celine, sole trader on 1 jan 2xx2 amounted to 128000. During the year to 31 december 2xx2 celebe introduced a further 50,000 of capital and made drawings of 48,000. At 31 december 2xx2 celebe net assets totalled 184000 What is celine total profit/ loss at year end 31 dec 2xx2

Name: Net assets fir celine, sole trader on 1 jan 2xx2 amounted to 128000.
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Description: Net assets fir celine, sole trader on 1 jan 2xx2 amounted to 128000. During the year to 31 december 2xx2celebe introduced a further 50,000 of capital and made drawings of 48,000. At 31 december 2xx2 celebenet assets totalled 184000 What is celine to

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Concept explainers

Financial Transaction Analysis

The transaction analysis is done with the help of the accounting equation. The basic accounting equation is alternatively known as the balance sheet equation is based on the double-entry system which says that for each transaction happening in a business, at least two accounts should be affected I.e. both the debit side and the credit side should be equal. The Accounting Equation is

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Net assets fir celine, sole trader on 1 jan 2xx2 amounted to 128000. During the year to 31 december 2xx2
celebe introduced a further 50,000 of capital and made drawings of 48,000. At 31 december 2xx2 celebe
net assets totalled 184000 What is celine total profit/ loss at year end 31 dec 2xx2

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