Academy of PakistanTest & Learning

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Academy of PakistanTest & Learning

804Active Users

75AccountingMedium

Gross Profit is equal to_________?

ASales – Closing Stock + Purchases

BOpening Stock + Purchases – Closing Stock

CSales – Cost of goods sold

DNone of the above

Correct answer

C. Sales – Cost of goods sold

Explanation

An explanation has not yet been provided.

Question ID: accounting-166

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