When Closing Capital is greater than Opening Capital it denotes ________. (Fill in the blank by choosing correct option)
(a) profit
(b) loss
(c) no profit, no loss
(d) assets
Answers
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it's denote profit is the answer to the question
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Answer:
The correct answer to the given question is option (a) profit
Explanation:
If closing capital of a company is greater than the opening capital of it then it denotes that the company has some profit.
If opening capital of a company is greater than the closing capital of it or if the closing capital is less than the opening capital it means the company has suffered some loss.
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