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 :)
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SOFP
4y ago
4y ago#1This is explained in the later lectures on limited companies.
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