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jennacol
Sep 16, 2009, 06:22 AM
How do I calculate the Net Income if I'm only given the start and ending capital balance? Ex. start capital is 168,000 - end capital is 198,000. Using the Accounting equation of assets = liability + Equity?
rehmanvohra
Sep 16, 2009, 10:44 AM
Use the following equation, fill in the available figures and you get the answer.

Ending capital + Drawings - Additional investment - Beginning capital = Profit or loss