Opentuition Dec 2013 notes Chaoter 16 Example 1

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November 20, 2013 at 8:56 am #146939
accakk
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Dear Tutor,
Kindly explain how the Capital Employed at start of 2007 = 400, when Capital Employed at end of 2006 = 366.
I have been trying to find the missing link….
Thanks in advance.
November 22, 2013 at 3:43 pm #147404
accakk
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Hello Dear Tutor,
Looked through another text, and found that the 400 was the sum of the Debt + Equity for the closing amount of the previous year, lol!

Thank you.
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