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What is net profit in a trading account - SS1 Accounting Terminologies Used In Trading Account Question

What is net profit in a trading account?

A

The profit earned from trading activities before deducting expenses

B

The profit earned from trading activities after deducting all expenses

C

The total amount spent on purchasing inventory during a trading period

D

The total amount received from selling inventory during a trading period

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Correct Option: B
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