Question

Hope Villarosa opens a small business. At the end of the period, her bookkeeper informed her that the business made a profit of P10,000. The following data were taken from the records of her business: Beginning Capital Investments P120,000 Total Income Earned 75,000 Total Expenses Incurred 65,000 Personal Drawing 15,000 Her bookkeeper told her that her capital investment decreased by P5,000 at the end of the period. She got surprised why her capital investment decreased by P5,000 when the business was making profit. She cannot understand why the profit of P10,000 resulted to a decrease in her capital investment by P5,000. REQUIRED: Calculate the ending capital balance of Hope Villarosa showing the Net Increase or Net Decrease in her capital investment. Give your sound advice to her.​

Answer 1

oo my god its too long question

Answer 2

Answer:

oo my god it's toooooooo long question