Esarba’s financial year ends on 31 December. On 31 March 2020, she introduced her private vehicle into the business at a value of $12000. Her profit for the year ended 31 December 2020 was $7800 and her cash drawings came to $8000. A depreciation charge of $900 had been made on the vehicle. She also withdrew goods for her own use, with a cost price of $1000 and a selling price of $2000. By how much did Esarba’s capital account balance rise in the year ended 31 December 2020?
- A$8900
- B$9800
- C$9900
- D$10800