URGENT HELP NEEDED PLEASE! Level 3 - Final accounts for sole traders and partnerships
Options
Laurmae095
Registered Posts: 1
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
Thank you
Laura
0
Comments
-
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
sandy@sandyhood.com
www.sandyhood.com0
Categories
- All Categories
- 1.2K Books to buy and sell
- 2.3K General discussion
- 12.4K For AAT students
- 263 NEW! Qualifications 2022
- 144 General Qualifications 2022 discussion
- 9 AAT Level 2 Certificate in Accounting
- 44 AAT Level 3 Diploma in Accounting
- 66 AAT Level 4 Diploma in Professional Accounting
- 8.8K For accounting professionals
- 23 coronavirus (Covid-19)
- 268 VAT
- 90 Software
- 271 Tax
- 133 Bookkeeping
- 7.1K General accounting discussion
- 195 AAT member discussion
- 3.8K For everyone
- 38 AAT news and announcements
- 345 Feedback for AAT
- 2.8K Chat and off-topic discussion
- 578 Job postings
- 16 Who can benefit from AAT?
- 35 Where can AAT take me?
- 42 Getting started with AAT
- 26 Finding an AAT training provider
- 48 Distance learning and other ways to study AAT
- 25 Apprenticeships
- 66 AAT membership