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प्रश्न
Answer in one sentence only.
What is statement of affairs?
एक पंक्ति में उत्तर
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उत्तर
A statement of affairs is basically a statement of capital, showing assets and liabilities as on the date of its preparation. There are two such statements, i.e. Opening Statement of Affairs (to ascertain the opening capital) and Closing Statement of Affairs (to ascertain the closing capital).
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