Interested to Buy Any Domain ? << Click Here >> for more details...
40. If revenue was $70,000, expenses were $59,000, and
the owner’s withdrawals were $25,000, the amount of net
income or net loss was:
a) net income of $11,000
b) Net income of $36,000
c) Net loss of $59,000
d) Net income of $70,000
- 3 Answers
- 12033 Views
- Capmark, I also Faced
- E-Mail Answers
Answer Posted / baddam.venugopalreddy
net income of $11,000 is correct.
THE REASON IS VERY SIMPLE WE CAN'T TAKE DRAWINGS IN INCOME
STATEMENT...
| Is This Answer Correct ? | 18 Yes | 1 No |
Post New Answer View All Answers
can payorder be issued for outstation?if yes then how?should it be account payee?
how many schedules are there in accounting?
sir,how to get strong position in finance .how to get good position in company. qulification.Msc,MBA
What is the working formula for Working Capital Turnover
what is payment method?How many payment method we can assign to company code.
What is Goods Lost by Fire/Accident/Theft ?
is indian bank or canara bank CBS brach?
Explain valuation methods of Normal and Abnormal loss
what are the suggestions to control NPA in rural areas?
what is mean by traditional accounting ?
EXPAND______________ICT
what is meant by transposition error
what type of a/c these accounts are are tey real, nominal or personal (1)realisation a/c (2)new company a/c(3)equity share holders a/c
what is Functional Specification in SAP FICO?
why do you want to work here?
