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.

Net Profit or Loss will be derived at the Summarising stage of accounting. This is the final stage of the accounting process where all the financial transactions recorded in the journal and ledger are summarized and presented in the form of financial statements such as the income statement, balance sheet, and cash flow statement. The net profit or loss is calculated by subtracting the total expenses from the total revenue earned during a specific period. This information is crucial to determine the performance of the business and make informed decisions regarding its future operations.

Net Profit or Loss in Summarizing Stage of Accounting

The process of accounting involves several stages, including recording, classifying, summarizing, and interpreting. Each stage is important for accurate and reliable financial reporting. However, the net profit or loss is derived at the summarizing stage of accounting.

Explanation:

The summarizing stage is the final stage of accounting, where all financial transactions are summarized in the form of financial statements. These statements include the income statement, balance sheet, and cash flow statement. The income statement summarizes the revenues earned and expenses incurred during a period to determine the net profit or loss.

The net profit or loss is the difference between the total revenues and the total expenses. If the total revenues are greater than the total expenses, then there is a net profit. On the other hand, if the total expenses are greater than the total revenues, then there is a net loss. The income statement is an important financial statement as it provides information about a company's profitability, which is crucial for investors, creditors, and other stakeholders.

Therefore, the net profit or loss is derived at the summarizing stage of accounting. This stage involves compiling all the financial data and presenting it in the form of financial statements. These statements help in analyzing a company's financial performance and making informed decisions.

In conclusion, while all stages of accounting are important, the summarizing stage plays a critical role in determining a company's net profit or loss. The income statement is an essential financial statement that summarizes a company's profitability and is used by stakeholders to make investment and other financial decisions.