Subject: Accounting
Pleasee help answer !
Khalid started a business on 1 April 2018 wit...
English, 15.06.2021 22:10 praptibaral70
Subject: Accounting
Pleasee help answer !
Khalid started a business on 1 April 2018 with a capital of $90000. He provided the following information on 31 March 2019.
non-current assets $ 75000
current assets $ 32000
current liabilities $ 24000
drawings during the year
$ 19000
What was the profit or loss for the year ended 31 March 2019?
А $12000 loss
B $12000 profit
C $26000 loss
D $26000 profit
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