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Question Practice

A company has a Gross Profit of `50,000 and pays `10,000 in interest. How does this affect Net Profit?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 11
Accountancy
Accountancy - II
Financial Statements - I
Question Bank

A company has a Gross Profit o...

Single Answer MCQ
Q-00053490

A company has a Gross Profit of `50,000 and pays `10,000 in interest. How does this affect Net Profit?

1

Increases Net Profit to `60,000

2

No effect on Net Profit

3

Decreases Net Profit to `40,000

4

Makes Net Profit `50,000

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