Maharashtra State BoardHSC Commerce 12th Board Exam
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Select the Most Appropriate Alternative from Given Below and Rewrite the Statement If Closing Capital is Greater than Opening Capital It Shows _______________ - Book Keeping and Accountancy

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MCQ

Select the most appropriate alternative from given below and rewrite the statement
If closing capital is greater than opening capital it shows _______________

Options

  • gross profit

  • net profit

  • gross loss

  • net loss

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Solution

If closing capital is greater than opening capital it shows gross profit

Concept: Introductions to Gross Profit Ratio
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