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Business Data Management · Quiz 2 · 16 Aug 2026 · May 2026 term

Question 5: Which specific section of the statutory financial stateme…

Question 5

+1 markOne correct option

Which specific section of the statutory financial statements would you examine for determining the 'Gross Profit' of a company?

  1. A

    The Profit & Loss Account section of the Income Statement.

  2. B

    The Assets side of the Balance Sheet.

  3. C

    The Trading Account section of the Income Statement.

  4. D

    The Operating Activities section of the Cash Flow Statement.

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Correct answer

  • C

    The Trading Account section of the Income Statement.

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Question 5 of 24 in the IIT Madras BS Business Data Management (BDM) Quiz 2 paper sat on 16 Aug 2026, in the May 2026 term (Business Data Management 14 Aug 26). It carries 1 mark.

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