Question

When closing capital is more than opening capital, it denotes:-
(a)Profit
(b)Loss
(c)No Profit,No loss
(d)Either profit or loss.​

Answer 1

Answer:

case, if the "closing capital" is more than "opening capital" then it means the company has earned some profit where as if "closing capital" is less than "opening capital" then it denotes there is loss in the company.

Answer 2

When closing capital is more than opening capital denotes
(A )profit