The net profit is the excess of gross profit an... - JAMB Commerce 2014 Question
The net profit is the excess of gross profit and sources of income over all the expenses . This implies that net profit is
A
the difference between gross profit and trade expenses
B
the different between gross profit and net sales
C
sales less cost of sales including sales returns
D
opening stock add purchases less closing stock
correct option: a
Please share this, thanks:
Add your answer
No responses