The beginning capital of the business totals $4,000., Accounting Basics

Assignment Help:

The beginning capital of the business totals $4,000. If the net income for the period totals $14,000 and the withdrawals by the owner total $3,000, what will be the new capital balance reported?


Related Discussions:- The beginning capital of the business totals $4,000.

Survey of accounting.., norman co borrows $15,000 with a 8%interest 38,000 ...

norman co borrows $15,000 with a 8%interest 38,000 account receivable paid $26,000 salary

Uses of journal in accounting, Q. Uses of journal in accounting? Organi...

Q. Uses of journal in accounting? Organizing journal entries in a computerized system is different than in a manual system. The computer usually asks for the number of the acco

What is effective collection?, Its depends on the credit period of the comp...

Its depends on the credit period of the company i.e. A company credit period 30 days 85 of the debtors collection should be recovered with in credit period. We can say the Effectiv

What are simple journal entries, Q. What are simple journal entries? To...

Q. What are simple journal entries? To understand the cross-indexing and posting process trace the entries from the general journal to the general ledger. The ledgers accounts

Explain about trade discount, Q. Explain about trade discount? A trade ...

Q. Explain about trade discount? A trade discount is a percentage deduction or else discount from the specified list price or catalogue price of merchandise. Companies utilize

Heww inc., Heww Inc., issued a $50,000, 10 year bond with a stated interes...

Heww Inc., issued a $50,000, 10 year bond with a stated interest rate of 6%. Assume interest payments are made semi-annually. What is the selling price of the bond if the mark

Accounting concepts, what is the implication of applying accounting concept...

what is the implication of applying accounting concepts wrongly

Explain about income statement, Q. Explain about income statement? The ...

Q. Explain about income statement? The income statement, sometimes called as an earnings statement that reports the profitability of a business organization for a stated period

Ledger, ledger is said to be the principal book entry and the transactions ...

ledger is said to be the principal book entry and the transactions can even be directly entered into the ledger account. elaborate on the statement and explain why journal is neces

American rule, A rule in economics and law that says attorney fees must be ...

A rule in economics and law that says attorney fees must be paid by every party included in litigation - even the party that wins the case. An exception to the American rule can ta

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd