The Amount available for distribution to owners at the time of closure of business after payment of all liabilities.

CS Executive · Corporate and Management Accounting · PYQS · June 2024
The Amount available for distribution to owners at the time of closure of business after payment of all liabilities.
(A) Capital
(B) Net worth
(C) Drawings
(D) Investments

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: Corporate Accounting

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