Multiple Choice Questions on Net profit is computed in the ........ for Commerce ( 11 and 12th) Preparation

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Multiple Choice Questions

Net profit is computed in the ........

Accountancy (11th) Chapter-2 Theory base of Accounting
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    Net profit is computed in the:

    Profit and loss account

    Correct Answer

    Balance sheet

    Incorrect Answer

    Trial balance

    Incorrect Answer

    Trading account

    Incorrect Answer
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    Explanation:

    Profit and loss account

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