accounts from i...

The difference between assets and liabilities is called as ___________.

The difference between capital at the end of year and capital at the beginning of year is called ____________.

In order to find out the correct profit, drawings are ___________ to the closing capital.

Incomplete record mechanism of book keeping is ___________.

The capital balances are ascertained by preparing __________.

The capital at the end of the accounting year is ascertained by preparing _______.

A statement of ____________ is to be prepared in order to find out the profit and loss under a single entry system.

A statement of affairs is a summarised statement of an estimated _____________.

Profit can be ascertained from the incomplete records under single entry by using  ________.

Find the total at assets at the end of the year if the net profit, drawing during the year and assets at the beginning of the year were 12,000, 7,000 and 15,000 respectively.