The beginning balance of Owners Equity was Rs 7 500 The-12824
The beginning balance of Owners Equity was Rs.7,500. The dividends paid to stockholders were Rs.1,500. The ending balance of Owners Equity is Rs.5,000. What was the Net Income or Net Loss for the accounting period?
This multiple choice question (MCQ) is related to the book/course
vu mgt101 Financial Accounting.
It can also be found in
vu mgt101 Final Term - Quiz No.11.
The beginning balance of Owners Equity was Rs.7,500. The dividends paid to stockholders were Rs.1,500. The ending balance of Owners Equity is Rs.5,000. What was the Net Income or Net Loss for the accounting period?
Net Loss of Rs. 1,000
Net Income of Rs. 1,000
Net Loss of Rs. 3,000
Net Income of Rs. 3,000
