[Solved] In single entry system profit is calculated as follows:

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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
Answer» C. Capital at the end + Drawing – Fresh capital -Opening capital

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