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प्रश्न
Answer in one sentence only.
Which Statement is prepared under the Single Entry System to ascertain profit?
एक पंक्ति में उत्तर
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उत्तर
Statement of Profit or Loss is prepared to calculate the profit under single-entry system. The profit is calculated as follows:
Capital at the end
Add: Drawings made during the year
Less: Additional Capital introduced during the year
Less: Capital in the beginning
Profit or loss for the year
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