If opening capital is less than closing capital, it shows:

(a) Loss

(b) Profit

(c) No Profit; No Loss.

(d) Profit, if no additional capital is introduced.

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Solution

If Opening capital is less than closing capital, it shows Profit.

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If opening capital is less than closing capital, it shows: (a) Loss (b) Profit (c) No Profit; No Loss. (d) Profit, if no additional capital is introduced.

If Opening capital is less than closing capital, it shows Profit.

If opening capital is less than closing capital, it shows:

(a) Loss

(b) Profit

(c) No Profit; No Loss.

(d) Profit, if no additional capital is introduced.