Teaching UP TGT Mock Test Series 2025 Accountancy Trading and Profit & Loss Account

Opening balance of profit and loss Account was ₹7,500, dividend paid ₹1,500, closing balance of Profit and Loss Account was ₹5,000. Net income/Net loss was:

1
Net loss ₹1,000
2
Net loss ₹2,000
3
Net income ₹1,000
4
Net income ₹6,500
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