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
C. Rs. 500
D. None of these
Answer: Option B
This Question Belongs to Commerce >> Accounting
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