C-03-Q089mediumsingle_mcq
Profit/Loss formula under single entry system is:
Profit/Loss formula under single entry system is:
- a(Beginning Capital + Drawings) − (Ending Capital + Additional Capital)
- b(Ending Capital + Drawings) − (Beginning Capital + Additional Capital)
- c(Ending Capital − Drawings) − (Beginning Capital − Additional Capital)
- dBeginning Capital − Ending Capital