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profit equation

Forums › ACCA Forums › ACCA FA Financial Accounting Forums › profit equation

  • This topic has 3 replies, 2 voices, and was last updated 11 years ago by AvatarJohn Moffat.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • November 30, 2014 at 11:50 am #214709
    Avatarmp-open
    Member
    • Topics: 96
    • Replies: 167
    • ☆☆☆

    Hallo,

    Could someone tell me in P = I + D – Ci, P = profit, D – drawings, Ci – capital introduced, but what is “I” ?

    Thank you!

    November 30, 2014 at 3:38 pm #214770
    AvatarJohn Moffat
    Keymaster
    • Topics: 57
    • Replies: 54845
    • ☆☆☆☆☆

    Have you really watched the free lecture on this? If you had then you would not need to ask this question.

    (It is the increase in net assets)

    November 30, 2014 at 8:14 pm #214885
    Avatarmp-open
    Member
    • Topics: 96
    • Replies: 167
    • ☆☆☆

    Yes, I’ve read them, but a while ago, and forgot some of it, though I know that it is the diff. b/n closing and opening assets, wasn’t sure about the letter I, but agree, going to learn it again.

    December 1, 2014 at 8:32 am #214982
    AvatarJohn Moffat
    Keymaster
    • Topics: 57
    • Replies: 54845
    • ☆☆☆☆☆

    OK 🙂

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