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

    Question

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

    A Assets exceed Expenditure Correct Answer Incorrect Answer
    B Income exceeds Liabilities Correct Answer Incorrect Answer
    C Income exceeds Expenditure Correct Answer Incorrect Answer
    D Income exceeds Liabilities Correct Answer Incorrect Answer

    Solution

    The correct answer is C

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