Multiple Choice
The net assets of Stuart Ltd. at 1 January 20X1 amounted to £128,000. During the year ended 31 December 20X1 he introduced a further £50,000 of capital and made drawings of £48,000. At 31 December 20X1 Stuart Ltd's net assets totalled £94,000
What was Stuart Ltd.s profit/ (loss) for the year ended 31 December 20X1?
A) £(36,000)
B) £(34,000)
C) £36,000
D) £34,000
Correct Answer:
Verified
Correct Answer:
Verified
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