Opening capital is obtained by preparing:

Related MCQs

• If Building (closing) Rs.100,000, Land (opening) Rs. 100,000, Creditors (opening) Rs.10,000 then opening capital:
• Opening capital is ascertained by preparing:
• If opening capital is Rs.5,000; closing capital - Rs.7,000; drawings - Rs.1,000 and additional capital introduced during the year is Rs.500; then, the amount of profit made would amounted to
• If the opening capital is Rs.20,000 and closing capital is Rs.25,000; drawings made amounted to Rs.1,800; then, the amount of Rs.________ must be introduced as an additional capital during the year in order to earn a profit of Rs.2,800.
• Capital can be obtained by preparing:
• The amount of opening stock can be ascertained by preparing
• If opening capital is Rs.10,000 & closing capital is Rs.15,000 then profit or loss:
• When closing capital is less than opening capital, it denotes
• To ascertain the real profit, the difference between the closing capital and opening capital is adjusted by:
• When closing capital is more than opening capital it means