WORKSHEETS – – TheWorksheets.CoM

WORKSHEETS - New Era Accounting

EMS TRAINING WORKSHEETS Page 4 ACCOUNTING CONCEPT/RULE MATCHING PRINCIPLE In order to calculate profit, income is matched against the relevant expenses incurred in producing that income. CALCULATION OF NET PROFIT Fee income NOTE FOR OWNER’S EQUITY Capital 50 000 Owner’s equity CAROL'S CURLS STATEMENT OF NET WORTH APRIL 2018 ASSETS