A. the difference between gross profit and trade expenses
B. the difference between gross profit and net sales
C. sales less cost of sales including sales returns
D. opening stock add purchases less closing stock
Correct Answer:
Option A – the difference between gross profit and trade expenses
Explanation
Net profit is the actual profit after working expenses not included in the calculation of gross profit have been paid. It is the difference between gross profit and expenses. e.i gross profit – expenses
Do you want to study Agricultural Extension in OOU? Before you apply for the OOU…
Do you want to study Agricultural Economics in OOU? Before you apply for the OOU…
Do you want to study Cooperative and Business Management in OOU? Before you apply for…
Do you want to study Home and Hotel Management in OOU? Before you apply for…
Do you want to study Animal Production in OOU? Before you apply for the OOU…
Do you want to study Crop Production in OOU? Before you apply for the OOU…