In the preparation of statement of profit, if the opening capital is greater than closing capital, there will be
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Correct Answer: Option C
Explanation:
The difference between opening and closing capital will give either a profit or loss.
If the opening capital is greater than closing capital then loss and vice versa.
The difference between opening and closing capital will give either a profit or loss.
If the opening capital is greater than closing capital then loss and vice versa.