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Subject - Accounting:

Financial Accounting

MCQ - 101-103

Question:

We can say that the business is in profit, when:

  1. Assets exceed Expenditure
  2. Income exceeds Liabilities
  3. Income exceeds Expenditure
  4. Income exceeds Liabilities

Correct Answer: C

Explanation:

Not required

Record Performance

355 MCQ for effective preparation of the test of Financial Accounting of Accounting section.

Read the MCQ statement: We can say that the business is in profit, when: , keenly and apply the method you have learn through the video lessons for Financial Accounting to give the answer. Record your answer and check its correct answer and video explanation for MCQ No. 101-103.

How to Answer

Solve the question for MCQ No. and decide which option (A through D/E) is the best choice to answer the MCQ, then click/tap the blue button to view the correct answer and it explanation.

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