14-As per physical capital maintenance, the profit earned by the entity whena.Closing Productive capacity > Opening Productive capacity of the entityb.Opening Net worth is > than closing Net worth of the entityc.Closing Net worth is > Opening Net assets of the Entityd.Closing Financial capacity is > Opening Productive capacity of the entity

Profits can be earned only when the production is more ans when there is more revenue and sales

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14-As per physical capital maintenance, the profit earned by the entity when

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

14-As per physical capital maintenance, the profit earned by the entity when

Closing Productive capacity > Opening Productive capacity of the entity

Opening Net worth is > than closing Net worth of the entity

Closing Net worth is > Opening Net assets of the Entity

Closing Financial capacity is > Opening Productive capacity of the entity

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