The excess of average profit over normal profit is ________ Options: A . &nbspnet profit B . &nbspgross profit C . &nbspsuper profit

The excess of average profit over normal profit is _______

Question

The excess of average profit over normal profit is ________

Options:

A . net profit

B . gross profit

C . super profit

Answer: Option C

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Question 1. A partnership can be formed only for a ________ business....

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Question 3. X and Y were equal partners....

Question 4. Revaluation A/c is a....

Question 5. 1....

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Question 9. At the time of admission the goodwill brought by the new partner may be credited to the capital accounts of....

Question 10. Which of the following statements is not true in relation to admission of a partner....

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