i. Revenue arising as a result of business transactions is known as _______ ii. Excess of gross profit over operating expenses is _______
Complete the following sentence:
i. Revenue arising as a result of business transactions is known as _______
ii. Excess of gross profit over operating expenses is _______
iii. An expenditure which is basically revenue in nature but the benefit of which is not exhausted within one year is called as ________
iv. The amount deducted by the seller from the list price of goods at the time of sale is ________
v. A person to whom the business owes money for the goods or services is known as ________
5 views
1 Answers
i. Income
ii. Operating profit
iii. Deferred revenue expenditure
iv. Trade Discount
v. Creditor
5 views
Answered