Accounting Mcqs

Q.  Which of the following equations is correct?

a. Gross Profit+ Sales+ Direct expenses+ Purchases+ Closing stock = Opening stock
b. Gross Profit+ Sales+ Direct expenses+ Purchases- Closing stock = Opening Stock
c. Gross Profit + Opening Stock + Direct expenses + Purchases- Closing stock = Sales
d. Gross Profit – Opening Stock + Direct expenses + Purchases +Closing stock = Sales


ANSWER: See Answer
 
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