A

Admin • 802.91K Points
Coach

Q. Profit is calculated when:

  • (A) Assets = Liabilities
  • (B) Income > Expenses
  • (C) Capital = Cash
  • (D) Liabilities = Income
  • Correct Answer - Option(B)
  • Views: 2
  • Filed under category Accounting
  • Hashtags:
Explanation by: Admin
Profit results when income exceeds expenses.

You must be Logged in to update hint/solution

Discusssion

Login to discuss.

Be the first to start discuss.