Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

Saylor had a capital balance of $168,000 at the beginning of the period. At the end of the accounting period, the capital balance was $198,000 ?

Assuming  no an additional investment and  no withdrawals during the period, what is the net income for the period ?

user-image
Question added by abdelaziz allam , محاسب اول , شركة كامبردج مصر للاستثمار التعليمي ش.م.م
Date Posted: 2016/02/17
Jafar  Ali Wahed Mohammed
by Jafar Ali Wahed Mohammed , Finance Manager , Al Jubiri Group

Very simple: Where there is no addition to or withdrawal from the Investments during the period, the entire Increase is the result of the net profit during the period. 

 

In this case, the net income is : Capital Balance at End of the period - Capital balance at the beginning of the period = $198,000 - $ 168,000 = $ 30,000

georgei assi
by georgei assi , مدير حسابات , المجموعة السورية

If there is no addition to the capital, it is supposed to be n Net income 30,000

Anas Touqan
by Anas Touqan , مدير قسم المحاسبة , شركة التكامل الغذائي للتجارة والتسويق

Net Income = 30,000 [[[[[[[ 

 

 

Mohamed matar
by Mohamed matar , Finance Manager , ASG Group

Is it a netincome of,

More Questions Like This

Do you need help in adding the right keywords to your CV? Let our CV writing experts help you.