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The excess of income over expenditure during a period of time is called

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The excess of income over expenditure during a period of time is called

(A) profit

(B) loss

(C) capital

(D) none of these

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1 Answer

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Correct option is (A) profit

Profit refers to the excess of income over expenditure during a specific period of time. It represents the financial gain earned by a business or individual after deducting all expenses from total revenue.

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