Question

Calculate Total Equity if:
(i) Owner's equity in the beginning * 36,000.
(ii) Equity of creditors at the end 30,000.
(iii) Revenue during the period is 42,000.
(iv) Expenses during the same period are 39,000.
Also calculate amount of Owner's Equity at the end.​

Answer 1

Answer:

Revenue during the period is 42,000.

(iv) Expenses during the same period are 39,000.

Also calculate amount of Owner's Equity at the end.