Accountancy, asked by officialraoajay, 28 days ago

closing capital is calculated by preparing

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Answered by kashyapsimran087

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ANSWER OF YOUR QUESTION IT'S HELPFUL FOR YOU

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Answered by amuthabanu11

Explanation:

Explanation:It is prepared under the single entry system in order to find out the amount of opening or closing capital of the business. According to net worth method, profit or loss of the business is determined by making comparison between the capitals of two dates of a period.

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