Question

Which of the following is correct?

• A. Opening capital = Closing capital + Additional Capital - Drawings - Profit
• B. Opening Capital = Closing Capital + Drawings - Additional Capital - Loss
• C. Opening Capital = Closing Capital + Drawing - Additional Capital - Profit
• D. Opening Capital = Closing Capital - Additional Capital - Drawings - Loss

Answer 1

Answer:

C. Opening Capital = Closing Capital + Drawing - Additional Capital - Profit

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