Profit & Loss account is prepared for a period of one year by following

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Profit & Loss account is prepared for a period of one year by following



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1) Gross profit is equal to

2) Drawing is a type of

3) Which of the following is not a transaction?

4) The assumption underlying the fixed installment method of depreciation is that of ____ of the asset over its useful life

5) The parties to joint venture are called

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