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SOFP

((deleted)3y ago
You said in lecture that the SOFP of companies will affect our 'capital section' from SOFP of sole traders. This is the SOFP of sole trader: Capital @ start of the year Add: Profit for the year Less: Drawings by owner Please explain how does this change in SOFP of companies / LLC? Thanks :)
John MoffatJohn MoffatTutor3y ago#1
This is explained in the later lectures on limited companies.
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