Gross profit is correctly ascertained by
...Gross profit is correctly ascertained by
adding opening stock to purchases
adding closing stock to sales
subtracting returns outwards from purchases
subtracting returns inwards from sales
subtracting cost of goods sold from sales
Correct answer is E
No explanation has been provided for this answer.
What is NOT an instrument of credit? ...
Which of the following is not a basic want of man? ...
The taking over of privately owned businesses by the government is called ...
Which of the following would not be stated in Memorandum of Association? ...
Which of the following organizations aim primarily at protecting the consumer? ...