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The amount by which the credit side of Trading account exceeds the debit side is called:

+2 votes

asked Jan 19, 2019 in Class 12 by kratos

The amount by which the credit side of Trading account exceeds the debit side is called:

Net loss.
***** Profit.
***** Loss.
Net Profit

ledger
trial balance
cbse
class-11
class-10
class-12

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1 Answer

+4 votes

answered Jan 23, 2020 by kratos

Best answer

The amount by which the credit side of Trading account exceeds the debit side is called Gross Profit.

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