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 statementshowing profit or loss?
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Answer
Statement showing profit or loss from closing capital only, cash withdrawn or interest onwithdraw is added. Where opening capital, additional capital, interest on capital, depreciationon assets, interest on loan, bad debts, bad debts reserve, discount reserve etc. are deduct
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