Subjective Questions on What is meant by a lsquo statement of affairs rsquo How can the profit or loss of a trader be ascert........... for Commerce ( 11 and 12th) Preparation

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Subjective Questions

What is meant by a lsquo statement of affairs rsquo How can the profit or loss of a trader be ascert...........

Accountancy (11th) Chapter-11 Accounts from Incomplete Records
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    What is meant by a ‘statement of affairs’? How can the profit or loss of a trader be ascertained with the help of a statement of affairs?   (5 marks)

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