Which of the following statements best describes net profit? The excess of

Which of the following statements best describes net profit? The excess of
  • A.
    total revenue over total expenditure
  • B.
    total capital income over expenditure
  • C.
    sales over purchases
  • D.
    total capital formation over capital consumption
  • E.
    total expenditure over total revenue
Correct Answer: Option A
Explanation
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