In single entry and incomplete records, the net assets me...
In single entry and incomplete records, the net assets method used to ascertain profit is
Net asset at the end of a period - net assets at the begining of a period = profit + additional capital - drawings
Net asset at the end of a period - net asset at the beginig of a period = profit - additional capital - drawings
Net asset at the end of a period - net asset at the begining of a period - drawings
Net asset at the end of a period + additional capital - drawings
Correct answer is A
No explanation has been provided for this answer.
\(\begin{array}{c|c} & 1/7/10 & 30/6/11 \\ & D & D \\ \hline \text{Stock} & 1,46...
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