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Profit is calculated by the formula
  • a)
    Capital at the end - Drawing – Fresh capital – opening capital
  • b)
    Opening Capital + Drawing + Fresh Capital- Ending capital
  • c)
    Capital at the end + Drawing – Fresh capital- Opening capital
  • d)
    None of these
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
Profit is calculated by the formulaa)Capital at the end - Drawing &nda...
B)Revenue - Expenses
c)Sales - Cost of Goods Sold
d)Total Income - Total Expenses
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Profit is calculated by the formulaa)Capital at the end - Drawing – Fresh capital – opening capitalb)Opening Capital + Drawing + Fresh Capital- Ending capitalc)Capital at the end + Drawing – Fresh capital- Opening capitald)None of theseCorrect answer is option 'C'. Can you explain this answer?
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