P2 C10 Accounts from Incomplete Records — Account STD 11 Commerce — Question
Gujarat BoardEnglish MediumSTD 11 CommerceAccountP2 C10 Accounts from Incomplete Records1 Mark
Question
Which items are added or which items are deducted from closing capital in statement showing profit or loss?
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Answer
Cash withdrawn, goods withdrawn and personal expenses paid from the business are added in closing capital while opening capita] and additional capital are deducted from closing capital in statement showing profit or loss.
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