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Which of the following equations is correct?
Accountingmedium
AGross Profit+ Sales+ Direct expenses+ Purchases+ Closing stock = Opening stock
BGross Profit+ Sales+ Direct expenses+ Purchases- Closing stock = Opening Stock
Gross Profit + Opening Stock + Direct expenses + Purchases- Closing stock = Sales
DGross Profit – Opening Stock + Direct expenses + Purchases +Closing stock = Sales
Correct Answer: C. Gross Profit + Opening Stock + Direct expenses + Purchases- Closing stock = Sales
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