Bayt.com

Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

Capital at the end – net profit + drawings = Capital in the beginning

True False

Accounting
user-image
Question added by SREEDEVI SUNILKUMAR
Date Posted: 2014/04/14
Upvote (3) Views (6) Followers (7) Answers (7) Report Question
Write an Answer
Register now or log in to answer.
Hatem abdelmonem
by Hatem abdelmonem , Accounting Manager , Yanbu Saudi Kuwaiti Paper Products Co. LTD

False

Umer Sharif
by Umer Sharif , Consultant Lead Financial, Functional, Implementation of Infor ERP Syteline ‚ Eccountant & SmartHCM. , Bin Rasheed Technology Pvt Ltd.

The correct answer is TRUE ...........................................:.

Mohammed Mohammed
by Mohammed Mohammed , Senior SAP Consultant , Abyat Mega Store

Correct answer is False  ................

Sohail Lone
by Sohail Lone , Assistant Manager Audit , Deloitte - United Arab Emirates

The correct answer is TRUE

Mujtaba Hussain
by Mujtaba Hussain , Accounts officer , Miraj Entertaiments

it's wrong

Ahmad Alhusainy
by Ahmad Alhusainy , Customer Service , National Bank Of Kuwait - Nbk

asset = liability + owner equity

 

equity = rieturn earning + capital

 

return earning = revenue - expenses - drawings

 

so, it's false.

 

manaf almas
by manaf almas , Auditor , DAR AL NUZUM PUBLIC ACCOUNTANTS

ITS TRUE

 

OPENING CAPITAL= CLOSING CAPITAL -  PROFIT + DRAWINGS +  LOSS  -  ADDITIONAL CAPITAL

Write Your Answer
More Questions Like This