Basic Financial Accounting Short Questions: Owner's capital is:
Select one alternative:
A Current assets plus current liabilities.
B Total assets minus total liabilities.
C Opening capital plus net profit plus trade payables.
D Opening capital plus drawings minus net profit.

Question

Owner's capital is:
Select one alternative:
A Current assets plus current liabilities.
B Total assets minus total liabilities.
C Opening capital plus net profit plus trade payables.
D Opening capital plus drawings minus net profit.

Gonza R · Accepted Answer

D Opening capital plus drawings minus net profit.

Basic Financial Accounting Short Questions

Owner's capital is: Select one alternative: A Current assets plus current liabilities. B Total assets minus total liabilities. C Opening capital plus net profit plus trade payables. D Opening capital plus drawings minus net profit.

D Opening capital plus drawings minus net profit.

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