Question

Net Profit is reflected in higher cash balances and net loss is reflected in lower net worth. true or false, give reason

Answer 1

Answer:

true

Explanation:

always net profit adds to capital so when there is more net profit we will have more networth and viceversa

Answer 2

Answer:

tru

Explanation:

Always Net profit adds to the capital so when there is more Net profit we will have more Networth viseversa.

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