What is the net profit from Ayesha's income statement for the year ended 30 September 20-3? What are the total assets and total liabilities at 30 September 20-3 based on the statement of financial position? The net profit from Ayesha's income statement for the year ended 30 September 20-3 is $49,870 (loss). The total assets amount to $181,250 and the total liabilities are $125,000. In reviewing Ayesha's financial data, we can see that despite facing a loss, there are opportunities for improvement and growth. The income statement shows that Ayesha had a loss of $49,870 due to expenses exceeding the fees from clients. However, this provides valuable insights for Ayesha to strategize and optimize her business operations. On the other hand, the statement of financial position at 30 September 20-3 reveals that Ayesha's total assets amount to $181,250. This includes premises, office equipment, rent receivable, trade receivables, bank overdraft, and cash. Meanwhile, the total liabilities show that Ayesha's drawings amount to $125,000, leaving her with a capital balance of $15,200. Despite the challenges reflected in the financial data, Ayesha can utilize this information to make informed decisions and steer her business towards success. By analyzing the income statement and statement of financial position, Ayesha can implement strategies to increase revenue, reduce expenses, and strengthen her financial position for the upcoming year.

Question

What is the net profit from Ayesha's income statement for the year ended 30 September 20-3? What are the total assets and total liabilities at 30 September 20-3 based on the statement of financial position?   The net profit from Ayesha's income statement for the year ended 30 September 20-3 is $49,870 (loss). The total assets amount to $181,250 and the total liabilities are $125,000.   In reviewing Ayesha's financial data, we can see that despite facing a loss, there are opportunities for improvement and growth. The income statement shows that Ayesha had a loss of $49,870 due to expenses exceeding the fees from clients. However, this provides valuable insights for Ayesha to strategize and optimize her business operations.  On the other hand, the statement of financial position at 30 September 20-3 reveals that Ayesha's total assets amount to $181,250. This includes premises, office equipment, rent receivable, trade receivables, bank overdraft, and cash. Meanwhile, the total liabilities show that Ayesha's drawings amount to $125,000, leaving her with a capital balance of $15,200.  Despite the challenges reflected in the financial data, Ayesha can utilize this information to make informed decisions and steer her business towards success. By analyzing the income statement and statement of financial position, Ayesha can implement strategies to increase revenue, reduce expenses, and strengthen her financial position for the upcoming year.

Tabitha · Answer

The net profit from Ayesha's income statement for the year ended 30 September 20-3 is $49,870 (loss). The total assets amount to $181,250 and the total liabilities are $125,000.   In reviewing Ayesha's financial data, we can see that despite facing a loss, there are opportunities for improvement and growth. The income statement shows that Ayesha had a loss of $49,870 due to expenses exceeding the fees from clients. However, this provides valuable insights for Ayesha to strategize and optimize her business operations.  On the other hand, the statement of financial position at 30 September 20-3 reveals that Ayesha's total assets amount to $181,250. This includes premises, office equipment, rent receivable, trade receivables, bank overdraft, and cash. Meanwhile, the total liabilities show that Ayesha's drawings amount to $125,000, leaving her with a capital balance of $15,200.  Despite the challenges reflected in the financial data, Ayesha can utilize this information to make informed decisions and steer her business towards success. By analyzing the income statement and statement of financial position, Ayesha can implement strategies to increase revenue, reduce expenses, and strengthen her financial position for the upcoming year.

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What are the total assets and total liabilities at 30 September 20-3 based on the statement of financial position?

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