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Author Question: Capital at the beginning of the month amounted to 4,000; net income for the month amounted to 1,000; ... (Read 100 times)

sabina

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on: Jul 5, 2018
Capital at the beginning of the month amounted to 4,000; net income for the month amounted to 1,000; and withdrawals for personal use during the month amounted to 2,000 . Capital at the end of the month is
 a. 3,000.
   b. 2,000.
   c. 7,000.
   d. 5,000.

Question 2

GAAP, or generally accepted accounting principles, are the rules for preparing financial statements followed by the accounting profession in the United States.
 
  Indicate whether the statement is true or false


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ASDFGJLO

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Reply #1 on: Jul 5, 2018
Answer to Question 1

a

Answer to Question 2

TRUE


sabina

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Reply 2 on: Jul 5, 2018
:D TYSM

jamesnevil303

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Reply 3 on: Yesterday
Excellent

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