How to Determine Net Income or Loss (Accounting Principles)

Accounting Principles - How to Determine Net Income or Loss

[kaldurskipper]

Thank you SO MUCH!! I have been understanding everything else in my exercises, but this was not in the book and I was completely lost and so frustrated that I could not figure it out. I subtracted the initial investment from the equity, however, that was all I could think to do

[iyrjoifalco]

hi! i didn't get why you add drawings in year1. shouldn't it be subtracted?

[moosejuice]

You said you were supposed to subtract the drawings, not add them