Calculate the profit of the year

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Reference no: EM131152651

internal control for information system

1. name and briefly describe the four main categories of internal control for information system

2. calculation of profit and shareholders equity

the balance below are shown in alphabetical order in a professional service firms ledger at the end of afinacial year,

calculate.

a. The profit of the year

b. the shareholders equity at the end of the year

advertising $15,000

bank 5,000

shareholder's equity 71,000

account payable 11,000

account receivable 12,000

fixed assets 100,000

income 135,000

rent 10,000

salaries 75,000

Reference no: EM131152651

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