Direction: In the question below are given three statements followed by three conclusions numbered I, II and III. You have to take the given statements to be true even if they seem to be at variance with commonly known facts. Read all the conclusions and then decide which of the given conclusions logically follows from the given statements disregarding commonly known facts.

Statements:

All Profit is Income.

Few Expenses is Income.

No Loss is Expenses.

Conclusions:

I. All Profit can be Expenses.

II. All Expenses can be Profit.

III. All Loss is Income is not a possibility.