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In single entry and incomplete records, the net assets method used to ascertain ...


Question

In single entry and incomplete records, the net assets method used to ascertain profit is

Options

A) net asset at the end of a period - net assets at the begining of a period = profit + additional capital - drawings

B) net asset at the end of a period - net asset at the beginig of a period = profit - additional capital - drawings

C) net asset at the end of a period - net asset at the begining of a period - drawings

D) net asset at the end of a period + additional capital - drawings

The correct answer is A.


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