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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FA – FIA FFA › Accounting equation
A trader’s profit for the year may be computed by using which of the following formulae?
Opening capital + drawings – capital introduced – closing capital
Closing capital + drawings – capital introduced – opening capital
Opening capital – drawings + capital introduced – closing capital
Opening capital – drawings – capital introduced – closing capital
This is explained in my free lectures working through the first chapter of our free lecture notes.
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