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प्रश्न
Answer in one sentence only.
How is the closing capital calculated under Single Entry System?
उत्तर
Under single-entry system, closing capital is based on the estimated values of assets and liabilities at the end of the year. It is calculated as the difference between closing liabilities and closing assets.
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संबंधित प्रश्न
Under Single Entry System, additional capital brought in during the year is _____ closing capital in order to calculate profit.
Select the most appropriate answer the alternatives given below and rewrite the Sentence
Further capital introduced during the year is _______________ from closing capital in order to find-out the correct profit.
Select the most appropriate answer the alternatives given below and rewrite the Sentence
In statement of profit or loss interest on Capital in shown as _____________.
Select the most appropriate answer the alternatives given below and rewrite the Sentence.
If Opening Capital is Rs 40,000, Closing Capital is 90,000 Rs, Withdrawals is Rs 5,000 and additional Capital brought in is Rs 10,000 Profit is Rs ______________.
