Answered: Net profit is calculated in which of…

Net profit is calculated in which of the following account? A) Profit and loss account B) Balance sheet C) Trial balance D) Trading account

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter14: Corporation Accounting

Section: Chapter Questions

Problem 20MC: Which of the following is a measurement of earnings that represents the profit before interest,...

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Question

Net profit is calculated in which of the following account?

A) Profit and loss account

B) Balance sheet

C) Trial balance

D) Trading account

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