Question: Help me do all , i need answer by 5 PM 23. Net profit is calculated in the Trial balance b. Trading account 24. c.
23. Net profit is calculated in the Trial balance b. Trading account 24. c. Profit and loss account d. Statement of financial position Gross profit is: Sales less purchases b. Net profit less expenses of the period c. Cost of goods sold + opening inventory d. Excess of sales over cost of goods sold 25. Goods returned by customer should be debited to which of the following accounts? . Sales income account 6. Sales account Return inward account d. Expenses account Which of these best describes non-current assets? .Items which will not wear out quickly b. Items bought to be used in the business c. Expensive items bought for the business d. Items having long life and not bought specifically for 26. resale
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