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Stores comparative balance sheets showed the following info as at 30 june: assets: 2021: $250,00...

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Accounting

Stores comparative balance sheets showed the following info as at 30 june:

assets: 2021: $250,00 2022: $310,000

liabilities: 2021 $145,000 2022: $ 160,000

during the year ended 30 June the owner withdrew $32,000

the result of the firms trading for the year ended 30 june 2022 would have been a profit/ loss ??

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