Question

drawings made during the year decreases the profit under
single Entry system
$tru or false$
​

Answer 1

Answer:

true

Explanation:

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Answer 2

Answer:

False

Explanation:

drawings made during the increase the profit under single Entry system since under this System, drawings made during the year are simply added up to capital at the end of the year so as to arrive at the profit figures, which increases the profits!

Therefore, this statement is False.

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