Download App

P2 C5 Financial Statements of Business Organisations — Account STD 11 Commerce — Question

Gujarat BoardEnglish MediumSTD 11 CommerceAccountP2 C5 Financial Statements of Business Organisations1 Mark
Question
What is called operating profit?
✓

Answer

Difference between gross profit and operating expenses is called operating profit.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "Answer In One Or Two Sentence .(1 Marks)" from P2 C5 Financial Statements of Business Organisations→P2 C5 Financial Statements of Business Organisations — all question types→Account STD 11 Commerce question papers→Gujarat Board STD 11 Commerce question papers→Gujarat Board question paper generator→

Similar questions

In which subsidiary book Debit note number is to be recorded?
→
Provision for loss of theft of uninsured machinery will be made in the books of accounts soon after the theft even if there is possibility of recovery of this machinery, if police catches the thief.
→
What is suspense account? When is it used?
→
How is the drawings made during the year adjusted while calculating profit in the statement of profit under Single Entry System?
→
Describe types of discounts.
→
How will $GST$ be administered and collected in India?
→
Write the types of subsidiary books for goods.
→
Explain the main object of the ledger.
→
What does $CPU$ comprise of?
→
Give the example of deferred revenue expenditure.
→