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please do it in 10 minutes will upvote 1. A sole trader had opening capital of 10,000 and closing capital of 4,500. During the year
please do it in 10 minutes will upvote
1. A sole trader had opening capital of 10,000 and closing capital of 4,500. During the year the owner introduced capital of 4,000 and withdrew 8,000 for her own use. The profit or loss during the year was? A. 9,500 loss B. 1,500 loss C. 7,500 profit D. 17,500 profit 2. Which of the following best explains the meaning of the term 'capital expenditure'. Capital expenditure is money spent: A. On non-current assets, including repairs and maintenance B. On expensive assets C. Relating to the issue of share capital D. Relating to the acquisition or improvement of fixed assetsStep by Step Solution
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