Accountancy, asked by vazerugved12, 4 months ago

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 riturani9221

2

Answer:

net loss

Explanation:

............ . ......

Answered by nidaeamann

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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