Home
Class 11
ACCOUNTS
How is profit or loss of a particular pe...

How is profit or loss of a particular period is ascertained?

Text Solution

Verified by Experts

Profit or loss of a particular period is ascertained by preparing a trading and profit or loss account.
Promotional Banner

Topper's Solved these Questions

  • MEANING AND OBJECTIVES OF ACCOUNTING

    DK GOEL|Exercise OBJECTIVE TYPE QUESTIONS|2 Videos

  • MEANING AND OBJECTIVES OF ACCOUNTING

    DK GOEL|Exercise OBJECTIVE TYPE QUESTIONS (choose the best alternate)|15 Videos

  • MEANING AND OBJECTIVES OF ACCOUNTING

    DK GOEL|Exercise HIGHER ORDER THINKING SKILLS (HOTS) QUESTIONS|20 Videos

  • LEDGER

    DK GOEL|Exercise HIGHER ORDER THINKING SKILLS (HOTS) QUESTIONS|8 Videos

  • Origin of Transactions : Source Documents of Accountancy

    DK GOEL|Exercise VERY SHORT ANSWER QUESTIONS|7 Videos