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Preparation of Statement of Profit and Loss

Operating Pro...

Question

Operating Profit is also known as ____________.

A

EBIT

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B

EAIT

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C

NPAT

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D

None

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Solution

The correct option is C EBIT
Operating profit is calculated by deducting the operating expenses from the operating income. Operating expenses are those which are directly related to the core business activity.
Operating Profit is also known as EBIT (Earning before Interest & Tax)

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