The equity of an unincorporated business that makes a profit in the financial year is calculated as:
A) Capital at the start of the year + capital introduced + profit for the year + drawings.
B) Capital at the start of the year + capital introduced + profit for the year - drawings.
C) Capital at the start of the year + capital introduced - profit for the year - drawings.
D) Capital at the start of the year + capital introduced - profit for the year + drawings.
Correct Answer:
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