When the total of debit items in profit & loss account is
more than the total of debit items there will be
OPTIONS
Gross Profit
b.
Gross Loss
Net Profit
d.
Net Loss
Answers
Answered by
2
Answer:
net loss
Explanation:
............ . ......
Answered by
1
Answer:
Net loss
Explanation:
Among the various options given in question statement, the correct option is option D i.e Net loss
In accounting, the term credit means to add money to an account and debit means to deduct money from the account.
Now when the amount is profit and loss has been more in deduction that then the total number of credit items, then it a net loss
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