Q2622
Profit as per accounts from incomplete records may constructed as equivalent of:
A.
Excess of assets over liabilities at the close of the period
B.
Excess of capital at the end over the capital at the beginning
AnswerC.
Excess of assets over liabilities at the commen-cement of the period
D.
Excess of capital at the beginning over the capital at the end
Answer: Option B
Solution
Answer: Option B
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