MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Finding Closing Stock

Give the corr...

Question

Give the correct chronological order of ascertainment of the following profits from trading and profit and loss account Operating rofit, gross profit, net profit .

Open in App

Solution

Gross profit, operating profit, net profit

Suggest Corrections

thumbs-up

2

Similar questions

Q. Choose the correct chronological order of ascertainment of the following profits from the profit and loss account.

Give four points of difference between trading and profit and loss account.

Q. Loss on sale of asset is ____________ while calculating operating profit from net profit.

Q. Which of the following would appear as an operating expense in the Profit & Loss Account of a trading firm?

Trading & Profit & loss account and balance sheet is prepared from:

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Finding Missing Figures

ACCOUNTANCY

Watch in App

explore_more_icon

Explore more

Finding Closing Stock

Standard XI Accountancy

Join BYJU'S Learning Program

CrossIcon