Net profit is computed in which of the following ........

Accountancy (Phase -I & II) Company Final Accounts

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Net profit is computed in which of the following?

Balance sheet

Income statement

Cash flow statement

Statement of changes in equity

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Explanation:

Net profit is computed in Income statement. Net income, also called net profit, is a calculation that measures the amount of total revenues that exceed total expenses. It other words, it shows how much revenues are left over after all expenses have been paid.

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