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Question Practice

What happens if the sales figure is greater than the total purchases and expenses?

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

What happens if the sales figu...

Single Answer MCQ
Q-00053485

What happens if the sales figure is greater than the total purchases and expenses?

1

The company incurs a gross profit

2

The company incurs a gross loss

3

The company breaks even

4

The financial statements remain unchanged

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