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Write the word / term / phrase which can substitute the following Statement.When Closing Capital is greater than Opening Capital it denotes _______Optionsprofitlossno profit, no lossassets. |
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Answer» When Closing Capital is greater than Opening Capital it denotes profit. Explanation: The formula to calculate closing capital is 'Opening Capital + Profit'. Hence, when closing capital is greater than opening capital, it denotes profit. However, if the closing capital is less than the opening capital, it denotes loss. |
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