Financial Accounting MCQs

Which of the following is arrived at by deducting the direct cost of goods sold from sales proceeds?

April 25, 2022

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Which of the following is arrived at by deducting the direct cost of goods sold from sales proceeds?

Q. Which of the following is arrived at by deducting the direct cost of goods sold from sales proceeds?

A. Net profit

B. Gross profit

C. Balance Sheet profit

D. All of the above

Answer: Gross profit

Which of the following is arrived at by deducting the direct cost of goods sold from sales proceeds?

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Which of the following is arrived at by deducting the direct cost of goods sold from sales proceeds?

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