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    Business
  3. Study Set
    Financial Accounting
  4. Exam
    Exam 28: Accounting Concepts and Systems
  5. Question
    Excess of Income Over Expenditure of Non Trading Concern Is
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Excess of Income Over Expenditure of Non Trading Concern Is

Question 1

Question 1

Multiple Choice

Excess of income over expenditure of non trading concern is called _______


A) Profit
B) deficit
C) Surplus
D) Loss

Correct Answer:

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