Q. Which of the following equations is correct? (Solved)
1. Gross Profit+ Sales+ Direct expenses+ Purchases+ Closing stock = Opening stock
2. Gross Profit+ Sales+ Direct expenses+ Purchases- Closing stock = Opening Stock
3. Gross Profit + Opening Stock + Direct expenses + Purchases- Closing stock = Sales
4. Gross Profit – Opening Stock + Direct expenses + Purchases +Closing stock = Sales
- c. Gross Profit + Opening Stock + Direct expenses + Purchases- Closing stock = Sales