The closing capital can be ascertained by preparing

Related MCQs

• Capital at the beginning of the year is ascertained by preparing
• Opening capital is ascertained by preparing:
• The amount of opening stock can be ascertained by preparing
• The amount of credit purchases can be ascertained by preparing a
• Under the net worth method, the profit can be ascertained by preparing
• Credit sales can be ascertained by preparing
• Credit purchases can be ascertained by preparing
• The closing balance in the creditors account can be ascertained from the
• Under______ system branch profit or loss is ascertained by preparing branch accounts
• 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