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When Closing Capital is Greater than Opening Capital, It Denotes _______. - Book Keeping and Accountancy

MCQ

When closing capital is greater than opening capital, it denotes _______.

Options

  • (A) profit 

  • (B) loss

  • (C) no profit, no loss 

  • (D) asset

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Solution

profit 

Concept: Effects of Adjustments-Closing Stock
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