Which of the following calculates a sole traders closing net assets ?

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Calculate the Amount of Net Income or Net Loss for the followings :
Posted by:
IMRAN ALI MOHAMMED
26-March-2015

1. Opening net assets - Drawings + Capital Introduced + Profit

2. Opening net assets + Drawings - Capital Introduced - Profit.

Accounting College Teaching Finance

Question added by Saidul Alam , Accountant , Akhtar Al Balushi Trad. & Cont. L.L.C
Date Posted: 2015/04/24

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2 Answers

حسين محمد ياسين

by حسين محمد ياسين , Finance Manager , مؤسسة عبد الماجد محمد العمر للمقاولات العامة

agree with answers >>>>>>>>>>>>>>>>>>>>>>>>>>>>

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by FITAH MOHAMED , Financial Manager , FUEL AND ENERGY CO for transportion petroleum materials

1. >......Opening net assets - Drawings + Capital Introduced + Profit

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