English

Select the most appropriate answer from the alternatives given below and rewrite the sentence.When Closing Capital is greater than the Opening Capital, the difference is ____________. - Book Keeping and Accountancy

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Question

Select the most appropriate answer from the alternatives given below and rewrite the sentence.
When Closing Capital is greater than the Opening Capital, the difference is ____________.

Options

  • Profit

  • Loss

  • Assets

  • Liabilities

MCQ

Solution

When Closing Capital is greater than the Opening Capital, the difference is Profit.

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Preparation of Statement of Profit Or Loss
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Chapter 10: Single Entry System - EXERCISE [Page 356]

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Balbharati Book Keeping and Accountancy [English] 11 Standard Maharashtra State Board
Chapter 10 Single Entry System
EXERCISE | Q 3. 7) | Page 356
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