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Select the most appropriate answer from the alternatives given below and rewrite the sentence.Additional Capital introduced during the year is __________ from closing capital in order to find out the - Book Keeping and Accountancy

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Question

Select the most appropriate answer from the alternatives given below and rewrite the sentence.
Additional Capital introduced during the year is  __________ from closing capital in order to find out the correct profit

Options

  • Added

  • Deducted

  • Divided

  • Ignored

MCQ
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Solution

Additional Capital introduced during the year is deducted from closing capital in order to find out the correct profit.

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Chapter 10: Single Entry System - EXERCISE [Page 355]

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Balbharati Book Keeping and Accountancy [English] Standard 11 Maharashtra State Board
Chapter 10 Single Entry System
EXERCISE | Q 3. 3) | Page 355
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