Question: Question 11 -- 15 Mr Smith's net assets have increased by 3,000 in the year. Which of the following explanations would NOT explain the increase?

Question 11 -- 15 Mr Smith's net assets have increased by

Question 11 -- 15 Mr Smith's net assets have increased by 3,000 in the year. Which of the following explanations would NOT explain the increase? 1 He made a net profit of 3,000 with no drawings. 2 He made a loss of 3,000 and introduced capital of 6,000. m 3 He made drawings of 6,000 and a net profit of 3,000. 4 He sold an asset for 3,000 more than Net Book Value

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