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

(D) Balance sheet.

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Frank Woods Business Accounting Volume 1

ISBN: 9780273681496

10th Edition

Authors: Frank Wood, Alan Sangster

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Question Posted: Aug 20, 2023 01:11 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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B Profit and loss account Net profit is calculated in the Profit and Loss PL account The Profit and ...View the full answer

Frank Woods Business Accounting Volume 1

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