Home » Accounts (Principles of Accounts) » Which of the following statements is no correct?Which of the following statements is no correct? Which of the following statements is no correct? A. profits increase capital B. losses reduce capital C. drawings reduce capital D. drawings increase capital Correct Answer: Option D Explanation Related Posts The budget statement presented to the legislature by the Chief Executive is called? In a departmental account, the expenses to be apportioned on the basis of turnover is (begin{array}{c|c} & N\ hline text{Land and building} & 20,000\ Stock & 5,000\ text{Cash in hand}… The instrument used to release fund which the minister of finance has earlier withheld is Which of the following is the book of original entry for all payments and receipts… The process of reconciling cheques between banks is termed cheque?
