BECE Business Studies 2024 Objective — Question 41
Question 41 of 120 from the Basic Education Certificate Examination (Junior WAEC) (BECE) Business Studies 2024 Objective paper, with the correct answer and a full explanation.
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The main purpose for preparing profit or loss account is to ascertain ______.
- A. gross profit or loss
- B. gross sales
- C. net profit or lossCorrect
- D. net purchases
- E. net sales
Explanation
The profit and loss account gives net profit or loss.
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