What is the net profit or loss in a profit and ... - SS2 Accounting The Profit And Loss Account of Partnership Question
What is the net profit or loss in a profit and loss account of a partnership?
A
The total revenue earned by the partnership.
B
The total expenses incurred by the partnership.
C
The difference between the total revenue and total expenses.
D
The sum of the total revenue and total expenses.
correct option: c
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