Nyotandogo Traders had an initial capital of Ksh.160,000. At the end of the year the following date was provided. (i)During the year,proprietor surrendered his...

      

Nyotandogo Traders had an initial capital of Ksh.160,000. At the end of the year the following date was provided.
(i)During the year,proprietor surrendered his private car valued at sh.400000 to the business
(ii)During the year ,the proprietor had taken goods worth sh 13500 per month for his own use
(iii)The business made a profit of sh 102,000
Calculate the owner’s equity at the end of the year.

  

Answers


john
cc=oc+p+I-d
=160,000+102,000+400,000-[13500]12
=662,000-162,000=sh.500,000
john3 answered the question on October 1, 2017 at 14:31


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