In single entry and incomplete records, the net assets method used to ascertain profit is?

A. net asset at the end of a period – net assets at the beginning of a period = profit + additional capital – drawings
B. net asset at the end of a period – net asset at the beginning of a period = profit – additional capital – drawings
C. net asset at the end of a period – net asset at the beginning of a period – drawings
D. net asset at the end of a period + additional capital – drawings

Correct Answer: Option A

A. net asset at the end of a period – net assets at the beginning of a period = profit + additional capital – drawings