Tuesday, November 8, 2011

Accounting HELP.......... PLEASE?

Sounds like a question out of a text book. There should be an example somewhere in that Accounting book that shows a completed Income Statement. Just follow that example, putting like items from your example in the place of the ones that are in the example. When your done with this, subtract the expense from the revenue to determine Income or Loss. For the part 2, take a close look you Income Statement and try to determine the Proprietor's withdrawals (remember he made an Investment into the business).

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