In single entry and incomplete records the net ... - WAEC Accounting 2007 Question
In single entry and incomplete records, the net assets method used to ascertain profit is
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
correct option: a
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