Question: A trader's net profit for the year may be computed by using which of the following formulae? A Opening capital + drawings - capital introduced


A trader's net profit for the year may be computed by using which of the following formulae?

A Opening capital + drawings - capital introduced - closing capital B

Closing capital + drawings - capital introduced - opening capital C

Opening capital - drawings + capital introduced - closing capital D

Opening capital - drawings - capital introduced - closing capital

(2 marks)

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