Profit Determination and Statement of Profit

Time: 00:00:00

Attempted

Not Attempted

Marked For Review

Attempted & Reviewed

Question 1 of 16

To ascertain the profit, closing capital is to be adjusted by deducting ________ and adding _________.

Select Your Answer:

Opening capital, Drawings

Opening capital, Cash deposit

Surplus, Opening balance

None of the Above

Mark for Review

Attempted

Not Attempted

Marked for Review

Attempted & Reviewed

Current