menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Accounting Study Set 3
  4. Exam
    Exam 4: Adjusting the Accounts and Preparing Financial Statements
  5. Question
    Profit Is Measured As
Solved

Profit Is Measured As

Question 64

Question 64

Multiple Choice

Profit is measured as:


A) income - expenses.
B) assets - liabilities.
C) current assets - current liabilities.
D) debits - credits.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q55: The office supplies inventory account of Tan

Q56: The income statement columns on the worksheet

Q57: X Co's employees carry out work to

Q58: Deferral type adjustments occur when cash for

Q59: The period of time over which a

Q60: On 1 July 2014 Tan Traders paid

Q61: On July 1 2014 the Indigo Ltd

Q62: Which of these is not a name

Q63: Harry Company uses cleaning supplies on a

Q65: Michael Myers & Co paid salaries of

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines