P600,000 additional investment during the year. Based on the Statement of Profit or Loss, net income for the year was P1

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899603
Joined: Mon Aug 02, 2021 8:13 am

P600,000 additional investment during the year. Based on the Statement of Profit or Loss, net income for the year was P1

Post by answerhappygod »

P600,000 additional investment during the year. Based on the Statement of
Profit or Loss, net income for the year was P120,445. The Owner's Capital
ending balance is P300,000. How much money did the owner withdraw from
the business?
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Post Reply