Q35.What change does profit makes to capital?
(1) Profit gets added to the capital
(2) All of these
(3) Profit gets reduced from capital
(4) Profit has no change to capital
Answer
Profit gets added to the capital
Related Questions on Theory Base of Accounting
Q36.Investment A/c is related to
(1) Real A/c
(2) Personal A/c
(3) None of these
(4) Nominal A/c
Answer
Real A/c
Q37.Under ___ method, the balance of the capital account fluctuates from year to year.
(1) Current account
(2) Fixed capital account
(3) Floating capital account
(4) Fluctuating capital account
Answer
Fluctuating capital account