Gross profit is calculated in the
...Gross profit is calculated in the
Trading account
Profit and loss account
Appropriation account
Partners current account
Correct answer is A
No explanation has been provided for this answer.
In a not-for-profit making organization, the Receipts and Payments Accounts is the equivalent of ...
\(\begin{array}{c|c} \text{Branch stock account (at selling price)} & D346,000 - debit \\ \text{...
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