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Gross Profit of a business is the

Accounts - Principles of Accounts
WAEC 2000
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
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Correct Answer: Option C
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts