Day: December 1, 2021

How may net profit be calculated?

Select ONE answer:

1. Closing Capital + Drawings – Additional Capital – Opening Capital
2. Closing Capital – Drawings + Additional Capital – Opening Capital
3. Opening Capital + Drawings – Additional Capital – Closing Capital
4. Opening Capital – Drawings – Additional Capital – Closing Capital

Show your workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Accounting KS5 classes.

The answer is 1

1. Correct
2. Not correct
3. Not correct
4. Not correct

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