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The Capital in the Beginning of the Accounting Year is Ascertained by Preparing - Book Keeping and Accountancy

The capital in the beginning of the accounting year is ascertained by preparing ______________

(a)  closing statement of affairs.
(b) cash account.
(c) statement of profit or loss.
(d) opening statement of affairs.
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Solution

(d) opening statement of affairs.

Concept: Preparation of Statements for Single Entry System
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