What is the difference between accounting profi... - SS2 Accounting Computation of Profits From Two Balance Sheets Showing The Opening And Closing Capital Question
What is the difference between accounting profit and cash profit?
A
Accounting profit considers cash inflows and outflows during the year, while cash profit does not.
B
Cash profit considers cash inflows and outflows during the year while accounting profit does not.
C
There is no difference between accounting profit and cash profit.
D
None of the above
correct option: b
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