If opening capital is £10,000 and closing capital is £13,000 then the movement can be explained by which of the following:
A) The entity made a loss of £2,000. The owner introduced £5,000
B) The entity made a profit of £2,000. The owner introduced £5,000
C) The entity made a loss of £1,000. The owner introduced £4,000 and withdrew £1,000.
D) The entity made a profit of £1,000. The owner introduced £5,000 and withdrew £1,000
Correct Answer:
Verified
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