Gross Profit of a business is the
...Gross Profit of a business is the
Excess of sales over all the trading expenses
Difference between sales and purchases
Excess of sales over the cost of goods sold
Difference between discounts received and discount allowed
Correct answer is C
No explanation has been provided for this answer.
\(\begin{array}{c|c} & N \\ \hline sales & 45,000 \\ \text{Opening stock} & 20,000 \\ \t...
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