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Financial Accounting II Questions QUESTION 2 (a)Explain: - the difference between gross profit and net profit (b) Distinction between capital and Revenue items of expenditure (c) Write short notes on any four books of original entry

Financial Accounting II Questions QUESTION 2 (a)Explain: - the difference between gross profit and net profit (b) Distinction between capital and Revenue items of expenditure (c) Write short notes on any four books of original entry

Survey of Accounting (Accounting I)
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter1: The Role Of Accounting In Business
Section: Chapter Questions
Problem 1.12E: Financial statement items Identify each of the following items as (a) an asset, (h) a liability, (c)...
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 Financial Accounting II Questions

QUESTION 2
(a)Explain: - the difference between gross profit and net profit
(b) Distinction between capital and Revenue items of expenditure
(c) Write short notes on any four books of original entry

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