πŸ“Š Financial Accounting
Q. In single entry system profit is calculated as follows:
  • (A) Opening Capital + Drawing + Fresh Capital- Ending capital
  • (B) Capital at the end – Drawing – Fresh capital - Opening capital
  • (C) Capital at the end + Drawing – Fresh capital -Opening capital
  • (D) None of the above
πŸ’¬ Discuss
βœ… Correct Answer: (C) Capital at the end + Drawing – Fresh capital -Opening capital

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