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  • Net profit is for Profit and Loss Account, while Surplus ...
Multiple choice

Net profit is for Profit and Loss Account, while Surplus is for _________.

  1. receipt and payments account

  2. receipts and expenditure account

  3. income and expenditure account

  4. trading account

  5. revenue and expense account

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Surplus is for income and expenditure account.

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