Question on: SS2 Accounting - Computation of Profits From Two Balance Sheets Showing The Opening And Closing Capital
What is the formula to compute profits from two balance sheets?
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A
Profit = Closing Capital - Opening Capital - Additional Investments + Drawings
B
Profit = Closing Capital + Opening Capital - Additional Investments - Drawings
C
Profit = Closing Capital - Opening Capital + Additional Investments + Drawings
D
None of the above
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Correct Option: A
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