Solved

To Ascertain the Real Profit, the Difference Between the Closing

Question 17

Multiple Choice

To ascertain the real profit, the difference between the closing capital and opening capital is adjusted by:


A) Deducting the drawings and adding the additional capital introduced
B) Adding the drawings and deducting the additional capital introduced
C) Deducting both the drawings and the additional capital
D) Adding both the drawings and the additional capital.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents