Net profit is calculated in the (A) Trading account (B) Profit and loss account (C) Trial balance

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Net profit is calculated in the

(A) Trading account (B) Profit and loss account (C) Trial balance (D) Statement of financial position

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Frank Woods Business Accounting Volume 1

ISBN: 9781292084664

13th Edition

Authors: Alan Sangster, Frank Wood

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Question Posted: Mar 27, 2024 04:01 AM

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Net profit is calculated in the (A) Trading account (B) Profit and loss account (C) Trial balance

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The correct answer is B Profit and loss account Net profit is calcula...View the full answer

Frank Woods Business Accounting Volume 1

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