When closing capital is more than the opening capital, it denotes: (a) Drawings(b) Loss(c) No profit no loss(d) Profit, if there is no introduction of fresh capital

When closing capital is more than the opening capital, it denotes: (a

1.	When closing capital is more than the opening capital, it denotes: (a) Drawings(b) Loss(c) No profit no loss(d) Profit, if there is no introduction of fresh capital
Answer» When closing capital is more than the opening capital, it denotes profit, if there is no introduction of fresh capital.

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When closing capital is more than the opening capital, it denotes: (a) Drawings(b) Loss(c) No profit no loss(d) Profit, if there is no introduction of fresh capital

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