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The difference between the cost of goods sold and the sales value is known as
Classroom
Commerce Classroom
Waec
Waec 2006
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The difference between the cost of goods sold and the sales value is known as
SchoolNGR Classroom
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
A
Net profit
B
Net loss
C
Gross profit or loss
D
Surplus
Show Answer
Show Explanation
Correct Answer:
Option C
Explanation:
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Study Subjects
Accounts - Principles of Accounts
Animal Husbandry
Aptitude Test
Agricultural Science
Arabic
Auto Mechanics
Basic Electronics
Biology
Bookkeeping
Block laying, bricklaying, and concreting work
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