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I would like to know if additional capital introduced will be calculated under profit or expenses. Is the receipts column in cash book part of the profit when drawing up an income statement.
In future please ask this sort of question in the relevant Ask the Tutor Forum. I am assuming you are asking this in relation to Paper FA.
Capital introduced never ever appears in the Statement of Profit or Loss – it appears in the Statement of Financial Position (which used to be called the Balance Sheet).
I suggest that you watch my free lectures for Paper FA. The lectures are a complete free course and cover everything needed to be able to pass the exam well.
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