+1 vote
in Class 12 by kratos

When closing capital is more than the opening capital, it denotes:

(a) Drawings

(b) Loss

(c) No profit no loss

(d) Profit, if there is no introduction of fresh capital

1 Answer

+5 votes
by kratos
 
Best answer

When closing capital is more than the opening capital, it denotes p**rofit, if there is no introduction of fresh capital.**

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