Accured profit is ascertained on the following ways a.average profit.b.previous year profit . On sale.d.all of the above

Answers 2

Answer:

D

Explanation:

The correct answer is option (d) all of the above.

  • The thought of accrual profit is somewhat slender, and solely appearance at financial gain attained and expenses incurred by the corporate at a definite purpose in time no matter realization or payment of money.
  • Cash flow, on the opposite hand, is a lot of dynamic thought. it's involved with the movement of cash in and out of a business. a lot of significantly, it's involved with the time at that the movement of the money takes place.
  • The thought of money flow is a lot in line with reality because it considers the benefit flows and outflows of the corporate.

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