URGENT HELP NEEDED PLEASE! Level 3 - Final accounts for sole traders and partnerships

I have my exam in the morning and i'm having a breakdown. It has completely gone from my brain on how to work out the drawings figure if it is missing in the incomplete records? Could somebody please help me with this?

Thank you

Laura

Comments

  • SandyHoodSandyHood Font Of All Knowledge Posts: 2,034Registered, Moderator
    Opening value of capital
    + Additions to capital (capital introduced)
    + profit for the year
    - Closing value of capital
    = Drawings

    Have I answered the same question you were asking?

    Opening capital and all the + values are credit entries, Closing capital and drawings are debit entries in a T account.
    Sandy
    [email protected]
    www.sandyhood.com
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