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Complete the following sentence: Excess of gross profit over operating expenses is - Book Keeping and Accountancy

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Question

Complete the following sentence:

Excess of gross profit over operating expenses is______

Fill in the Blanks

Solution

Excess of gross profit over Operating expenses is operating profit.

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Accounting Standards (AS) and International Financial Reporting Standards IFRS
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Chapter 1: Introduction to Book - Keeping and Accountancy - EXERCISE [Page 18]

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Balbharati Book Keeping and Accountancy [English] 11 Standard Maharashtra State Board
Chapter 1 Introduction to Book - Keeping and Accountancy
EXERCISE | Q 6. 2) | Page 18
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