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Commerce · Q667

Accounting

Graduate and Post Graduate · Commerce · question 667

Q667

Indicate which of the following is correct?

A.
Net profit + Operating expenses + Cost of goods sold = Sales
Answer
B.
Net loss + Operating expenses + Purchases = Sales
C.
Gross profit + Net loss - Cost of goods sold = Net profit
D.
Sales + Net loss - Gross profit = Cost of goods sold

Answer: Option A

Solution

Answer: Option A
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