Home › CBSE Class 11 (Commerce) › Accountancy › Financial Statements of Sole Proprietorship › Which item is left out while calculating operati…
Which item is left out while calculating operating profit?
ASalaries paid
BLoss by fire
CRent paid
DWages paid
Answer & Solution
Correct answer: B. Loss by fire
Abnormal items such as loss by fire are not part of normal operations and are excluded.
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