A proprietor started business with #13,000. Assets and liabilities at the end of the year; fixed assets #8,800, stock #, 600, debtors #1,000, cash #3, 000 and creditors #1,000. Determine the profit for the year?
-
A.
#2,400 -
B.
#3,000 -
C.
#9,800 -
D.
#1,400