Question

26 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 exhaus
within one year is called as
4) The amount deducted by the seller from the list price of goods at the time of sal
A person to whom business owes money for the goods or services is known as​

Answer 1

Answer:

An expenditure which is basically revenue in nature but benefit of which is not exhaus

within one year is called as

4) The amount deducted by the seller from the list price of goods at the time of sal

A person to whom business owes money for the goods or services is known as