Question 0

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
  • E.
Objective

Question details

Exam body
JAMB
Subject
Commerce
Year
2014
Question no.
#0
Type
Objective

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