As per accrual concept, which of the followings is not true a) revenue –expenditure = profit b) revenue –profit = expenditure c) sales + gross profit = revenue d) revenue = profit + expenditure

As per accrual concept, which of the followings is not true
a) revenue –expenditure = profit b) revenue –profit = expenditure
c) sales + gross profit = revenue d) revenue = profit + expenditure
by

1 Answer

Answer :

c) sales + gross profit = revenue
by

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