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Commerce · Q2389

Accounting

Graduate and Post Graduate · Commerce · question 2389

Q2389

Which of the following equation is correct?

A.
Gross profit = Net sales - Cost of goods sold
B.
Gross profit = Sales + Closing stock - Opening stock Purchase
C.
Cost of goods sold + Gross profit = Sales
D.
All of the above
Answer

Answer: Option D

Solution

Answer: Option D
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