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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.
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Posted on 21 Nov 2024, this text provides information on Accountancy related to Standard XI. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.
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