i. The difference between assets and liabilities is called ________  (a) Capital  (b) Drawings  (c) Income  (d) Expenses

Monjur Alahi

Select the most appropriate answer from the alternatives given below and rewrite the sentence:

i. The difference between assets and liabilities is called ________ 

(a) Capital 

(b) Drawings 

(c) Income 

(d) Expenses

ii. When Closing Capital is greater than the Opening Capital, the difference is _______ 

(a) Profit 

(b) Loss 

(c) Assets 

(d) Liabilities

iii. Opening Capital is ₹ 30,000; Closing Capital is ₹ 60,000; Withdrawals are ₹ 5,000; and further capital brought in is ₹ 3,000; Profit is ________ 

(a) ₹ 45,000 

(b) ₹ 35,000 

(c) ₹ 32,000 

(d) ₹ 22,000


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Salim Ahmed Kawsar

Call

i. (a) Capital

ii. (a) Profit

iii. (c) ₹ 32,000

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