Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie
Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

Problem with an accounting assignment - First year

  • 13-11-2011 7:20pm
    #1
    dillo2k10
    Registered Users, Registered Users 2 Posts: 1,397 ✭✭✭


    Hi,
    I am having a problem with my accounting assignment. In my statement of Financial Position


    Net Assets 78,379

    Capital 71344
    Add Net Profit 15635
    Less Drawings (7800)
    79179

    I think that The Net Assets (78379) and the Final Number (79179) should be the same. I went over it about 50 times and I cant find where I went wrong. We dont usually have to put in the last four rows but thats just for me to check. Should I put it in to show that I know that there is a problem of should I just pretend that theres no problem.

    Thanks


Comments

  • #2
    katewolk
    Registered Users, Registered Users 2 Posts: 19 ✭katewolk


    Hi.

    You are right it should be the same. You have a mistake somethere in your calculation ( eg. profit, fixed assets, ect.). Check that again. Your difference is 800. Try to work it from that.


Advertisement