Net profit is calculated in the (A) Trading account (B) Profit and loss account (C) Trial balance
Question:
Net profit is calculated in the
(A) Trading account
(B) Profit and loss account
(C) Trial balance
(D) Balance sheet.
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B Profit and loss account Net profit is calculated in the Profit and Loss PL account The Profit and ...View the full answer
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Related Book For
Frank Woods Business Accounting Volume 1
ISBN: 9780273681496
10th Edition
Authors: Frank Wood, Alan Sangster
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