User Account

All Pages

What the resulting effect on the statement of profit or loss

Assignment Help Financial Accounting
Reference no: EM132944972

Question - Given the opening capital of RM71,000, closing capital as RM137,600 and drawings as RM5,000, what the resulting effect on the statement of profit or loss and other comprehensive income?

a. loss for the year is RM61,600

b. loss for the year is RM71,600

c. profit for the year is RM61,600

d. profit for the year is RM71,600

Reference no: EM132944972

Questions Cloud

What will be the change in wealth for a shareholder : What will be the change in wealth for a shareholder who had 1000 shares in Mayo before the rights issue? Why? Will the rights issue succeed? Explain
How many new shares will be issued : The firm Amble is entirely financed by equity. It has 4 million shares and a current share price of $8. How many new shares will be issued
What would a statement of cashflows look like : Bonds payable (maturing in 2021) in the amount of $30,000 were retired by paying $28,000 cash. What would a statement of cashflows look like
Prepare schedule for the division of net profit : Salaries of P1,200 per month to each partner; Prepare schedule for the division of net profit for 2021 with supporting computations when appropriate
What the resulting effect on the statement of profit or loss : Given the opening capital of RM71,000, closing capital as RM137,600 and drawings as RM5,000, what the resulting effect on the statement of profit or loss
Construct a table to show the amount of depreciation : Construct a table to show the amount of depreciation should be recorded each year during the lifetime of the machine
Dimensions of decision making : In the process of understanding customer behavior, give real examples of "Dimensions of decision making". Also, apply the SMART framework to any business object
Develop a planning schedule : Develop a planning schedule to analyse the use of resources (human resources, physical resources and financial resources) while implementing and reviewing opera
Components of effective communication : What are the components of effective communication when putting a strategic plan into action?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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