Solution-What was the owner equity at the beginning

What was the owner equity at the beginning

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Reference no: EM132991176

Question - The following information relates to JJ Manufacturers as at 31 August 20X7?:

£ Plant and equipment 28750

Trade payables 6400

Cash 1300

Drawings for the period to 31 August 20X7 7000

Profit for the period to 31 August 20X7 8500

Inventories 8800

Trade receivables 10500

Required - What was the owner's equity at the beginning of the financial year to 31 August 20X7?

Reference no: EM132991176

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What was the owner equity at the beginning

Reference no: EM132991176

Reference no: EM132991176

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