15.2 Net assets approach
　　Accounting equation:
　　Capital = Net assets
　　Movements in capital during the accounting period:
　　Opening capital + Capital injections + Profit – Drawings = Closing capital
　　Therefore:
　　Increase net assets = Capital injection + Profit – Drawings
　　Jenna’s statement of financial position shows the company’s net assets at December 31 2008 as $2,000; net assets at December 31 2009 as $8,798. In the year her drawings totaled $ 14,600 and she introduced additional capital of $2,900.
　　What is Jenna’s net profit of loss for the year?
　　A.$4902 loss
　　B.$18,498 loss
　　C.$4,902 profit
　　D.$18,498 profit
　　Solution is D.
　　Since Increase net assets = Capital injection + Profit – Drawings
　　So(8,798- 2,000)= 2,900 + profit – 14,600
　　Profit = 6,789 -2,900 +14,600 = 18,498