The statement of profit or loss is prepared according to _______ method to calculate profit orloss under single entry system

Conversion and statement of affairs method

The statement of profit or loss is prepared according to _______ metho

1.	The statement of profit or loss is prepared according to _______ method to calculate profit orloss under single entry system
A.	Conversion method
B.	Statement of affairs method
C.	Conversion and statement of affairs method
D.	None of these
Answer» C. Conversion and statement of affairs method