Q. Gross Profit is equal to (Solved)
1. Sales – Cost of goods sold ;
2. Sales – Closing Stock + Purchases
3. Opening Stock + Purchases – Closing Stock ;
4. None of the above
- a. Sales – Cost of goods sold ;
1. Sales – Cost of goods sold ;
2. Sales – Closing Stock + Purchases
3. Opening Stock + Purchases – Closing Stock ;
4. None of the above