Question 14

Gross Profit of a business is the

  • A.excess of sales over all the trading expenses
  • B.difference between sales and purchases
  • C.excess of sales over the cost of goods sold
  • D.difference between discounts received and discount allowed
Objective

Question details

Exam body
WAEC
Subject
Accounts - principles of accounts
Year
2000
Question no.
#14
Type
Objective

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