Q1323
In a business net assets on 1st January are Rs. 6,000 and on 31st January are Rs. 7,500. If the withdrawals by the owner during January are Rs. 1,000 the net income for January is:
A.
Rs. 1,500
B.
Rs. 2,500
AnswerC.
Rs. 500
D.
None of these
Answer: Option B
Solution
Answer: Option B
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