Answer to Question #287704 in Accounting for Joseph

Question

b) Assume that assets and liabilities increased by Br.240,000, and Br. 120,000 respectively

during a given year. Assume the following additional particulars further

▪️ Revenues generated during the year…. Br.80,000

▪️ Additional investment made by the owner during the year ………. Br. 70,000

▪️ Amount withdrawn by the owner during the year…. $10,000

Required: Determine the amount of expense incurred during the year

Answer 1

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