0.6 Complete the following sentences :
1) Revenue arising as a result of business transactions is known as ________________
2) Excess of gross profit over operating expenses is _______________
3) An expenditure which is basically revenue in nature but benefit of which is not exhausted within one year is called as ______________
4)The amount deducted by the seller from the list price of goods at the time of sale __________________
5)A person to whom business owes money for the goods or services is known as ________________
Answers
Answered by
2
Answer:
- Income
- Operating profit
- deferred revenue expenditure
- Trade discount
- credition
Answered by
0
Answer:
1) income
2) operatins profit
3) deferred revenue expenditure
4) trade discount
5) credition
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