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Question 43

The net profit of a business is determined by

  • A.deducting cost of goods sold from sales
  • B.deducting purchases from sales
  • C.adding commissions recieved to gross profit
  • D.deducting all expenses from gross profit and other income
Objective

Question details

Exam body
WAEC
Subject
Commerce
Year
2005
Question no.
#43
Type
Objective
Previous · Q42Which of the following is an intangible asset of a firm Next · Q44 An organization formed mainly by traders on the same line of business is known…

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