To arrive at the gross profit of a business, which one of the following formulae is applied ?
To arrive at the gross profit of a business, which one of the following formulae is applied ?
- Sales - (Opening stock - Purchase - Closing stock ) (Incorrect)
- Sales - (Opening stock + Purchase - Closing stock ) (Correct)
- Sales - (Opening stock - Purchase - Closing stock ) (Incorrect)
- Sales - (Opening stock - Purchase - Closing stock ) (Incorrect)
- Sales - ( Purchase + Closing stock - Opening stock ) (Incorrect)