zoidberg asked:
I have to calculate the drawings and capital for a statement of cash flow in accounting. I just have no idea how to do it.
Information: In 2007 the capital was 214 000 and in 2008 it was 157 330
The total liability and owner’s equity = 267 824
and there’s a net loss from the Income statement, which is 55 770
If anyone can help, thanks in advance.
I have to calculate the drawings and capital for a statement of cash flow in accounting. I just have no idea how to do it.
Information: In 2007 the capital was 214 000 and in 2008 it was 157 330
The total liability and owner’s equity = 267 824
and there’s a net loss from the Income statement, which is 55 770
If anyone can help, thanks in advance.
the question makes sense..