Which of the following is correct? (A) Profit does not alter capital (B) Profit reduces capital (C)
Question:
Which of the following is correct?
(A) Profit does not alter capital
(B) Profit reduces capital
(C) Capital can only come from profit
(D) Profit increases capital
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The correct option is D Profit increases capital Explanation Profit earned by ...View the full answer
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Related Book For 
Frank Woods Business Accounting Volume 1
ISBN: 9780273681496
10th Edition
Authors: Frank Wood, Alan Sangster
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