Net asset of a business on 1st January and 31st January are Rs. 39,000 and Rs. 38,000 respectively. Additional capital and drawing made by owner during the month is Rs. 2,000 and Rs. 6,000. What is net income earned during the month of January?
A. Rs. 1,000 (Loss)
B. Rs. 3,000
C. Rs. 5,000
D. Rs. 4,000
Answer: Option B
This Question Belongs to Commerce >> Accounting
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