📒
Gross Profit is equal to_________?
Accountingmedium
Sales – Cost of goods sold
BSales – Closing Stock + Purchases
COpening Stock + Purchases – Closing Stock
DNone of the above
Correct Answer: A. Sales – Cost of goods sold
Related Questions
Accounting
The assets which have some market value are called ____________?
Accounting
Assets having physical existence are called ___________?
Accounting
When owner withdraw cash for its private use, it is called ___________?
Accounting
Building and furniture are called ____________?
Accounting
Which of the following is true about a trial balance?