Question

d) Asset value 3. The profit calcualted by balancing the contract account is called a) Net Profit b) Notional profit c) Gross profit d) None 4. Final Account of Farm account may be prepared under a) Single entry system b) Double Entry Syste c) Both (a) and (b) d) None​

Answer 1

Answer:

3.c gross profit

4.b double entry system

Answer 2

Explanation:

3.c good profit

4.b double entry syste