Trading, profit and loss account is prepared to determine
A.
gross profit/loss
B.
net profit/loss
C.
net sales
D.
overall purchases
E.
profit and loss incurred
Answer: E
To see detailed solution to this question and thousands of other questions offline, download TestDriller BECE. Practice rigorously for BECE, enjoy educational games, dictionary, compete with your peers, win prizes and more.