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Question Practice

What is the typical order for calculating profits in the Profit and Loss Account?

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

What is the typical order for ...

Single Answer MCQ
Q-00053451

What is the typical order for calculating profits in the Profit and Loss Account?

1

Net Profit, Gross Profit, Operating Profit

2

Operating Profit, Gross Profit, Net Profit

3

Gross Profit, Operating Profit, Net Profit

4

Operating Profit, Net Profit, Gross Profit

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