MCQ
Which statement is to be prepared to find out opening capital in single entry system.
  • A
    Trading account
  • Statement of affairs
  • C
    Statement of profit-loss
  • D
    Statement of stock

Answer

Correct option: B.
Statement of affairs

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free