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P1 C2 FINAL ACCOUNTS OF PARTNERSHIP — Elements of Account STD 12 Commerce — Question

Gujarat BoardEnglish MediumSTD 12 CommerceElements of AccountP1 C2 FINAL ACCOUNTS OF PARTNERSHIP1 Mark
MCQ
Credit balance of trading account represents $........$
  • ✓
    gross profit
  • B
    net profit
  • C
    gross loss
  • D
    net loss
✓

Answer

Correct option: A.
gross profit

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