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Which of the following best defines accounting profit?a)Revenue minus implicit costs.b)Net income after all costs.c)Total revenue minus explicit costs.d)Profit earned in a competitive market.Correct answer is option 'C'. Can you explain this answer? for B Com 2025 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about Which of the following best defines accounting profit?a)Revenue minus implicit costs.b)Net income after all costs.c)Total revenue minus explicit costs.d)Profit earned in a competitive market.Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for B Com 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following best defines accounting profit?a)Revenue minus implicit costs.b)Net income after all costs.c)Total revenue minus explicit costs.d)Profit earned in a competitive market.Correct answer is option 'C'. Can you explain this answer?.

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