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प्रश्न
Write the word / term / phrase which can substitute the following Statement.
When Closing Capital is greater than Opening Capital it denotes ___________
पर्याय
profit
loss
no profit, no loss
assets.
MCQ
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उत्तर
When Closing Capital is greater than Opening Capital it denotes profit.
Explanation: The formula to calculate closing capital is 'Opening Capital + Profit'. Hence, when closing capital is greater than opening capital, it denotes profit. However, if the closing capital is less than the opening capital, it denotes loss.
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