Bandu Company's accounts with the increases or decreases that occurred during this year are as follows:
Except for Profit, an investment of $4,000, and a withdrawal of $12,000, no other items affected the capital account during the year. Using the balance sheet equation, calculate Profit for this year.

Question

Bandu Company's accounts with the increases or decreases that occurred during this year are as follows: 
  Except for Profit, an investment of $4,000, and a withdrawal of $12,000, no other items affected the capital account during the year. Using the balance sheet equation, calculate Profit for this year.

Quizplus · Accepted Answer

The Answer of Bandu Company's accounts with the increases or decreases that occurred during this year are as follows: 
  Except for Profit, an investment of $4,000, and a withdrawal of $12,000, no other items affected the capital account during the year. Using the balance sheet equation, calculate Profit for this year.

Bandu Company's Accounts with the Increases or Decreases That Occurred