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P1 C5 Accounting Equation and Business Transactions — Account STD 11 Commerce — Question

Gujarat BoardEnglish MediumSTD 11 CommerceAccountP1 C5 Accounting Equation and Business Transactions1 Mark
Question
Explain effect on capital, when sales is made with profit or with loss.
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Answer

When sales is made with profit, capital would increase and sales is made with loss, capital would reduce.

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