Statement of profit & loss A/C also called :-

Statement of profit & loss A/C also called :-

(A) Balance-Sheet

(B) Income Statement

(C) Operating profit

(D) Investment

Monjur Alahi

4 views

2025-01-04 04:42

1 Answers

Salim Ahmed Kawsar

Correct option is: (B) Income Statement

4 views Answered 2023-02-05 15:29

Related Questions

i. Debit balance of Trading Account means ________ (a) Gross Loss (b) Net Loss (c) Net Profit (d) Gross Profit

2 Answers 4 Views

The credit balance of the Profit & Loss account shows a net profit.

2 Answers 7 Views

i. Reserve for bad debts is created by debiting Profit and Loss Account. ii. A balance Sheet is a statement as well as an account.

2 Answers 5 Views

When the credit side of the Profit and Loss Account is greater than the debit side, it is called Net Loss.

2 Answers 4 Views

Capital A/c……………..Dr. To Profit and Loss Account (Being Net Profit transferred to Capital A/c)

2 Answers 5 Views

(i) In statement of profit or loss, profit on sale of assets are _________ to closing capital.

2 Answers 8 Views

A person sells `33.(1)/(3) %` of his property at 20% loss .At what profit per cent should he sell the remaining property to earn 20% profit on the who

2 Answers 4 Views

The cost price of two articles is the same. One is sold at 10% profit and the other is sold at 10% loss. What is the effective profit/loss percentage

2 Answers 4 Views

The selling price of two articles is the same. One is sold at 25% profit and the other is sold at 25% loss. What is the effective profit/loss percenta

2 Answers 5 Views

A merchant gets a profit of 20% by allowing a discount of 10%.Instead, if he allows a discount of 15%, then what would be his loss or profit percentag

2 Answers 4 Views

এক্সাম দিয়ে মেধা যাচাই করুন

Job Preparation (1125)

Admission (754)

এসএসসি (10)

এইচএসসি (5)