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
Answer is A
