English

Select the most appropriate answer from the alternatives given below and rewrite the sentence.When Closing Capital is greater than the Opening Capital, the difference is ____________.

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Question

Select the most appropriate answer from the alternatives given below and rewrite the sentence.
When Closing Capital is greater than the Opening Capital, the difference is ____________.

Options

  • Profit

  • Loss

  • Assets

  • Liabilities

MCQ
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Solution

When Closing Capital is greater than the Opening Capital, the difference is Profit.

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Parts of Single Entry System - Statement of Profit or Loss
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Chapter 10: Single Entry System - EXERCISE [Page 356]

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Balbharati Book Keeping and Accountancy [English] Standard 11 Maharashtra State Board
Chapter 10 Single Entry System
EXERCISE | Q 3. 7) | Page 356
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