MCQOPTIONS
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| 1. |
Which one of the following is a correct equation? |
| A. | Opening capital = Closing capital + Additional capital - Drawings - Profit |
| B. | Opening capital = Closing capital + Drawings - Additional capital - Losses |
| C. | Opening capital = Closing capital + Drawings - Additional capital - Profit |
| D. | Opening capital = Closing capital - Drawings - Additional capital - Profit |
| Answer» D. Opening capital = Closing capital - Drawings - Additional capital - Profit | |