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      Question

      Which one of the following is a correct

      equation?
      A Opening capital = Closing Additional capital - Drawings - Profit Correct Answer Incorrect Answer
      B Opening capital = Closing capital + Drawings - Additional capital - Losses Correct Answer Incorrect Answer
      C Opening capital = Closing capital + Drawings - Additional capital - Profit Correct Answer Incorrect Answer
      D Opening capital = Closing capital - Drawings - Additional capital - Profit Correct Answer Incorrect Answer

      Solution

      The correct answer is C

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