Incomplete Records Profit Calculation Steps:

• Recall the capital equation: Closing capital = Opening capital + Profit + Capital introduced - Drawings.
• Rearrange for Profit: Subtract Opening capital, Capital introduced, and add Drawings from Closing capital.
• Apply the formula: Profit = Closing capital - Opening capital + Drawings - Capital introduced.
• Verify against choices to identify the matching option.

Why B is correct:

• It directly follows the rearranged capital equation, where drawings reduce capital (so add back) and capital introduced increases it (so subtract).

Why the others are wrong:

• A subtracts drawings (should add) and subtracts capital introduced (correct, but overall wrong).
• C adds both drawings and capital introduced (should subtract capital introduced).
• D subtracts drawings (should add) and adds capital introduced (should subtract).

Final answer: B