Calculation of Gross Profit Or Gross Loss give example?
Answer Posted / swetha singh
Gross Profit or Gross Loss can be determined by preparing a
trading & Profit & Loss a/c
Excess of credit over debit, the difference amount gives
you gross profit.
Excess of debit over credit, the difference amount gives
you gross loss.
| Is This Answer Correct ? | 4 Yes | 1 No |
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