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Net profit is calculated in a) Trading a/c b) Balance sheet c) Profit & loss a/c d) Trial balance.

+1 vote

asked Jul 19, 2018 in Class 12 by kratos

Net profit is calculated in

a) Trading a/c

b) Balance sheet

c) Profit & loss a/c

d) Trial balance.

final accounts of sole proprietors
class-11
adjustments in preparation of financial statements
accounting software package
class-12

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1 Answer

+6 votes

answered Dec 30, 2020 by kratos

Best answer

Net profit is calculated in Profit & loss a/c

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