Excess of credit in Profit and Loss account is called: (a) Net profit(b) Net loss(c) Gross profit(d) Gross loss

Excess of credit in Profit and Loss account is called: (a) Net profit

1.	Excess of credit in Profit and Loss account is called: (a) Net profit(b) Net loss(c) Gross profit(d) Gross loss
Answer» Excess of credit in Profit and Loss account is called Net profit.

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Excess of credit in Profit and Loss account is called: (a) Net profit(b) Net loss(c) Gross profit(d) Gross loss

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