Discuss Forum
1. To arrive at the gross profit of a trading business, which one of the following formulae is applied ?
- A. Sales - ( Opening stock - Purchase - Closing stock )
- B. Sales - ( Opening stock - Purchase - Closing stock )
- C. Sales - ( Opening stock - Purchase - Closing stock )
- D. Sales - ( Opening stock - Purchase - Closing stock )
Answer: Option C
Explanation:
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