CA Foundation Question > Net Profit or Loss will be derived at _______...
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Net Profit or Loss will be derived at _______ stage of accounting
- a)Classifying
- b)Interpretation
- c)Recording
- d)Summarising
Correct answer is 'D'. Can you explain this answer?
Answers
The answer is D.Summarising stage is concerned with the preparation and presentation of the classified data in a manner useful to the internal as well as external users of financial statements. This process leads to the preparation of the following financial statements. Therefore, Net Profit or Loss is derived at the summarising stage.
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Net Profit or Loss will be derived at _______ stage of accountinga)Classifyingb)Interpretationc)Recordingd)SummarisingCorrect answer is 'D'. Can you explain this answer?
Interpretation is correct answer
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Net profit or loss is been taken out by the p and L account of a Firm and p/l account is the form of summarising which was one of the feature of accounting
Net Profit or Loss will be derived at _______ stage of accountinga)Classifyingb)Interpretationc)Recordingd)SummarisingCorrect answer is 'D'. Can you explain this answer?
Read the theory part of Summarising. You will know it better
Net Profit or Loss will be derived at _______ stage of accountinga)Classifyingb)Interpretationc)Recordingd)SummarisingCorrect answer is 'D'. Can you explain this answer?
Yes, At the end we will do Summarize our whole transactions and Take report of net Profit or net loss
Net Profit or Loss will be derived at _______ stage of accountinga)Classifyingb)Interpretationc)Recordingd)SummarisingCorrect answer is 'D'. Can you explain this answer?
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Net Profit or Loss will be derived at _______ stage of accountinga)Classifyingb)Interpretationc)Recordingd)SummarisingCorrect answer is 'D'. Can you explain this answer? for CA Foundation 2023 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Net Profit or Loss will be derived at _______ stage of accountinga)Classifyingb)Interpretationc)Recordingd)SummarisingCorrect answer is 'D'. Can you explain this answer? covers all topics & solutions for CA Foundation 2023 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Net Profit or Loss will be derived at _______ stage of accountinga)Classifyingb)Interpretationc)Recordingd)SummarisingCorrect answer is 'D'. Can you explain this answer?.
Net Profit or Loss will be derived at _______ stage of accountinga)Classifyingb)Interpretationc)Recordingd)SummarisingCorrect answer is 'D'. Can you explain this answer? for CA Foundation 2023 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Net Profit or Loss will be derived at _______ stage of accountinga)Classifyingb)Interpretationc)Recordingd)SummarisingCorrect answer is 'D'. Can you explain this answer? covers all topics & solutions for CA Foundation 2023 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Net Profit or Loss will be derived at _______ stage of accountinga)Classifyingb)Interpretationc)Recordingd)SummarisingCorrect answer is 'D'. Can you explain this answer?.
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The answer is D.Summarising stage is concerned with the preparation and presentation of the classified data in a manner useful to the internal as well as external users of financial statements. This process leads to the preparation of the following financial statements. Therefore, Net Profit or Loss is derived at the summarising stage.
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