Introduction to Accounting

Accounting
Tutor: None Selected Time limit: 1 Day

Net Income or net loss for a period is calculated by which of the following formula?

a. Total revenues-total withdrawals

b. Total revenues-total expenses-total withdrawals

c. total revenue-total expenses

d. total revenue-total expense +capital

Feb 15th, 2015

The correct answer is

c. total revenue-total expenses

Thanks & regards,

Best of luck

Feb 15th, 2015

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