The difference between owner's equity at the beginning and at the end of an accounting period is the:

CS Executive · Corporate and Management Accounting · PYQS · December 2023
The difference between owner's equity at the beginning and at the end of an accounting period is the:
(A) Net worth
(B) Net profit/loss
(C) Net assets
(D) Equity share capital

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: Financial Accounting

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