How do I calculate revenues given assetts, liabilities, and owners equity?
Asked Jan 27, 2008, 10:53 PM
I have to fill out the missing spots in this spreadsheet for my accounting class... I already figured out the missing assetts, liabilities, and owners equity numbers easily using the accounting equation (Assetts= liabilities + owners expense)
Beg of Year
End of Year
Expenses for the year=100
How do I calculate revenues?
Also, if it gave me revenues and not expenses, how would I calculate expenses for that year?
Thanks, any help is greatly appreciated!