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Gross profit is correctly ascertained by
Classroom
Commerce Classroom
Waec
Waec 1998
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Gross profit is correctly ascertained by
SchoolNGR Classroom
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
A
Adding opening stock to purchases
B
Adding closing stock to sales
C
Subtracting returns outwards from purchases
D
Subtracting returns inwards from sales
E
Subtracting cost of goods sold from sales
Show Answer
Show Explanation
Correct Answer:
Option E
Explanation:
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Accounts - Principles of Accounts
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